November 7, 2024
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

Sam Bankman-Fried
FTX founder Sam Bankman-Fried arrives at Manhattan federal court, Friday, Aug. 11, 2023, in New York.
(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.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

This story is breaking and will be updated.

Leave a Reply