SBF, the former CEO of the crypto exchange FTX, has had his bail revoked by a U.S. judge.
Sam Bankman-Fried accused of witness tampering, sharing private writings with NY Times.
Sam Bankman-Fried, the former CEO and founder of the FTX cryptocurrency exchange, has been sent to jail after a U.S. judge revoked his bail. The decision comes ahead of his upcoming trial, where he faces multiple financial crime charges stemming from FTX’s collapse in November 2022.
U.S. District Judge Lewis Kaplan made the decision after finding probable cause that Bankman-Fried had tampered with witnesses at least two times. Prosecutors revealed that Bankman-Fried had shared private writings from his former partner, Caroline Ellison, with a reporter from The New York Times, crossing ethical boundaries.
Back Story of FTX’s Former CEO, SBF Jail
Bankman-Fried, once a billionaire, had been released on bail in December 2022 against a $250 million bond. However, his bail conditions had been revised twice due to
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