FTX's Bankman-Fried pleads not guilty to new charges

STORY: Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried fought his way through a throng of reporters as he arrived at a New York courthouse Thursday to face more charges.

The 31-year-old pleaded not guilty to a new, 13-count indictment accusing the disgraced crypto mogul of conspiring to violate campaign finance laws and bribing Chinese authorities.

Bankman-Fried had previously pleaded not guilty to eight counts of fraud and conspiracy for allegedly stealing billions in customer funds from his now-defunct FTX exchange to plug losses at his hedge fund, Alameda Research.

The new charges claim Bankman-Fried illicitly contributed tens of millions of dollars to U.S. political campaigns through straw donors, part of a strategy to buy influence in Washington.

They also allege he violated an anti-bribery law by orchestrating a $40 million payment to Chinese authorities to regain access to $1 billion in cryptocurrency in Alameda accounts that had been frozen.

His lawyer said he was planning to challenge the new charges because they were brought after Bankman-Fried was extradited from the Bahamas, where he was arrested in December and where FTX was based.

Bankman-Fried remains confined to his parents California home pending his trial, which is set to begin Oct. 2.

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