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Sam Bankman-Fried jailed after US judge revokes bail


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Sam Bankman-Fried has been taken into custody after a federal judge found that the FTX founder probably attempted to tamper with witnesses on two occasions while awaiting trial on fraud charges stemming from the collapse of the cryptocurrency exchange.

Prosecutors had asked Judge Lewis Kaplan to revoke Bankman-Fried’s bail after The New York Times published extracts from the private diaries of Caroline Ellison, a former Bankman-Fried lieutenant who has pleaded guilty to criminal charges and is co-operating with prosecutors.

Bankman-Fried was subsequently identified by prosecutors as the source of the material. The diary materials were “something that someone who is in a relationship would be unlikely to share with anybody, still less The New York Times, except . . . to frighten” its author, Kaplan said.

A lawyer for Bankman-Fried said he intended to appeal against the decision.

This is a developing story



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