Embattled FTX founder Sam Bankman-Fried has had his bail revoked and will be placed back under arrest.
Embattled FTX founder Sam Bankman-Fried has had his bail revoked and will be placed back under arrest.
INFLATION COMPLICATES BIDEN’S PATH BACK TO THE WHITE HOUSE
(AP Photo/Bebeto Matthews)
Judge Lewis Kaplan of the District Court for the Southern District of New York reportedly ordered the 31-year-old’s bail be revoked on Friday over accusations that he attempted to intimidate witnesses. Bankman-Fried was arrested last year on fraud allegations stemming from his management of the cryptocurrency exchange FTX, which suddenly collapsed in 2022.
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This story is breaking and will be updated.
