Following his high-profile arrest yesterday, FTX founder Sam Bankman-Fried was denied bail. The former CEO of the now-bankrupt crypto exchange company will continue to be held in custody by the country.
The judge presiding over the case, Joyann Ferguson-Pratt, ordered an extradition hearing for 8 February. The scheduled hearing followed the decision to deny Bankman-Fried bail.
At the time of the hearing held yesterday, SBF lawyers requested of Judge Ferguson-Pratt that the former FTX CEO be released under a $250.00 bail. As a legal reason given by the lawyers, there is Bankman-Fried’s need for regular medication, so his release was requested.
Bahamian prosecutors opposed the request, saying it was in violation of a treaty with the United States. Lawyers noted that the treaty required the defendants to be held in custody while extradition hearings were underway.
Former CEO of FTX, Sam Bankman Fried, wants to fight against extradition
Subsequently, Sam Bankman Fried reported to th
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