Former FTX CEO Sam Bankman-Fried is expected to enter a plea of not guilty to criminal charges that he looted billions of dollars and cheated investors at his cryptocurrency exchange.

Bankman-Fried is accused of illegally using FTX customer deposits to support his Alameda Research hedge fund, buy real estate and make millions of dollars in political contributions.

He is scheduled to appear Tuesday before US District Judge Lewis Kaplan in Manhattan to enter a plea.

Bankman-Fried has been free on a $250 million bail bond following his extradition last month from the Bahamas, where the exchange was based.