Federal prosecutors announced four new criminal charges against Sam Bankman-Fried, the founder of crypto trading platform FTX, expanding his potential liability in what authorities allege is a billion-dollar fraud. “The defendant, well knew FTX – which by early 2022 claimed to handle approximately $15 billion in daily trading volume on its platforms – was not focused on investor or client protection, nor was it the legitimate business that Bankman-Fried claimed it was,” the indictment alleges. In November 2022 as FTX was suffering customer withdrawals, Singh allegedly voiced concern to Bankman-Fried in chat messages about “maybe 80m” of “donations/personal/etc” that went through his bank account in his name