Former FTX CEO Sam Bankman-Fried bail revoked forward of October trial

Sam Bankman-Fried, the previous CEO of the now-bankrupt crypto trade FTX, had his bail revoked forward of his October trial, US District Court docket Choose Lewis Kaplan mentioned on Friday.

The choice got here after allegations that Bankman-Fried leaked the diary of Caroline Ellison, the previous CEO of FTX’s adjoining agency Alameda Analysis, to the New York Instances. Kaplan introduced the choice in a federal court docket in Manhattan on Friday afternoon. 

Initially, Bankman-Fried requested entry to Google Drive, which he mentioned was “for discovery,” Internal Metropolis Press reported that Assistant US Legal professional Danielle Sassoon mentioned on Friday on the listening to. “Then he used it to offer Ms. Ellison’s paperwork to the New York Instances.”

He was previously underneath home arrest at his dad and mom dwelling in Palo Alto, California, on a $250 million bond, since his December 2022 arrest, however is now dealing with repercussions for allegedly intimidating witnesses like Ellison.

The federal decide mentioned a gag order wasn’t ample given Bankman-Fried’s repeated misbehavior for crossing “a line“

This can be a growing story and can be up to date as extra info arises.