On Tuesday, Sam Bankman-Fried made his initial appearance in a federal court in Manhattan. Before U.S. District Judge Lewis Kaplan, SBF pleaded not guilty to each of the criminal charges that he is currently being held accountable for.

The court has suggested October 2, 2023, as the date for the beginning of the SBF trial. Moreover, the prosecuting attorneys have requested an additional requirement that the disgraced cryptocurrency exchange founder be prohibited from accessing or transferring any assets associated with FTX or Alameda Research.

Additionally, SBF’s request to redact the identities of his two bail guarantors was readily accepted by Judge Kaplan.

In what prosecutors have referred to as a fraud of epic proportions, Bankman-Fried is accused of stealing billions of dollars worth of customer deposits from FTX in order to prop up his Alameda Research hedge fund, carry out real estate purchases, loan out crypto media outlets and make political contributions totaling to millions of dollars.

If found guilty, Bankman-Fried could be sentenced to 115 years in prison.