Odaily News: SBF pleaded not guilty to the fraud and money laundering charges related to the FTX collapse during the court appearance on Tuesday.

SBF was arraigned in the Southern District of New York, where a new indictment accused him of using client funds to purchase personal real estate and make campaign donations.

These charges stem from the original indictment filed in December last year, but the campaign donation allegations were incorporated into other charges after prosecutors stated that they were unable to specifically allege them due to treaty obligations with the Bahamas.

Prosecutors requested the court to compel SBF's defense team to provide more information regarding his proposed "attorney advice" defense. (CoinDesk)

In previous news, the US Department of Justice submitted an updated indictment against SBF in August, which included charges of violating campaign finance laws as part of a wire fraud scheme.

The Department of Justice alleges that SBF illegally misappropriated FTX client deposits before the 2022 US midterm elections, resulting in over $100 million being used to "provide campaign donations for both the Democratic and Republican parties in an effort to influence cryptocurrency regulation." Prosecutors also stated that some of the political donations were made in the name of FTX executives to conceal the source of the donation funds.