US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.
The FTX founder has been found guilty on seven charges, and he may face decades in prison.
Bankman-Fried faces up to 110 years behind bars following guilty verdict.
Sam Bankman-Fried says he never set out to steal from people while testifying in his own defence in Manhattan court.
The former billionaire’s fraud trial stems from the dramatic collapse of the FTX cryptocurrency exchange he founded.
Bankman-Fried, who had his bail revoked in August, faces multiple charges of money laundering and fraud.
The judge’s comments came just before he denied Bankman-Fried’s request to be released from jail to prepare for trial.
Bankman-Fried faces charges of fraud and conspiracy stemming from the collapse of cryptocurrency exchange FTX.
FTX said the founder’s parents participated in wrongdoing, including enriching themselves, which led to its collapse.
Bail for Sam Bankman-Fried of FTX was revoked last month on charges that he had tampered with witnesses.
US judge rules that any difficulties FTX founder has in reviewing evidence against him are ‘of his own making’.
US officials allege Tornado Cash facilitated $1bn in money laundering transactions for North Korea’s Lazarus Group.
The former cryptocurrency tycoon is also running low on medications to treat ADHD and depression.
The Chinese territory has issued its first licenses for retail crypto trading amid push to cash in on virtual assets.
