FTX founder Bankman-Fried objects to tighter bail, says prosecutors 'sandbagged' him

Former FTX chief executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks from the Manhattan federal court after securing bail in New York City, on Dec 22.

Bankman-Fried, 30, has been free on US$250 million bond since pleading not guilty to charges of fraud in the looting of billions of dollars from the now-bankrupt FTX. But in a letter to US District Judge Lewis Kaplan in Manhattan, Bankman-Fried's lawyers said prosecutors sprung the "overbroad" bail conditions without revealing that both sides had been discussing bail over the last week.

"The government apparently believes that a one-sided presentation – spun to put our client in the worst possible light – is the best way to get the outcome it seeks."

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FTX founder Bankman-Fried objects to tighter bail, says prosecutors 'sandbagged' himNEW YORK: Lawyers for Sam Bankman-Fried on Saturday (Jan 28) urged a US judge not to ban the indicted FTX cryptocurrency executive from communicating with former colleagues as part of his bail, saying prosecutors 'sandbagged' the process to put their client in the 'worst possible light.' The lawyers were r Wait till he finds out they want to “prosecute” him😂🤡 this guy is the greatest conman and fraudsters.
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