Court again rules Bankman-Fried must remain in jail - Breaking The News

Court again rules Bankman-Fried must remain in jail

21 September

1 min read

EPA-EFE/JUSTIN LANE

The United States Court of Appeals for the Second Circuit ruled on Thursday that Sam Bankman-Fried, the founder of the now-collapsed FTX cryptocurrency exchange, should not be released from jail ahead of his trial.

The appeals court thus confirmed for the second time US District Judge Lewis Kaplan's decision to revoke Bankman-Fried's bail and place him in jail in August over concerns about witness tampering.

The trial is set to begin on October 3.

ftx bankman-fried sbf

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