Choose revokes Sam Bankman-Fried’s bail, remands him to custody: Report

A federal decide has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the discharge of knowledge to New York Occasions reporters in an alleged try and intimidate witnesses.

In line with studies of people current at an Aug. 11 listening to in the USA District Court docket for the Southern District of New York, Choose Lewis Kaplan ordered Bankman-Fried’s bail revoked, suggesting he will probably be held in jail by the top of his two trials for fraud associated to his actions at FTX. Prosecutors had been pushing for the revocation of Bankman-Fried’s $250 million bail, which had stored him out of custody since his arraignment in December 2022.

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