Sam Bankman-Fried jailed as decide revokes bail

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

In response to studies of people current at an Aug. 11 listening to in the US District Courtroom for the Southern District of New York, Decide Lewis Kaplan ordered Bankman-Fried’s bail revoked, suggesting he shall be held in jail via 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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