US wants FTX's Sam Bankman-Fried jailed pending trial

📆 7/26/2023 10:35 PM
📰 Reuters

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Federal prosecutors on Wednesday asked a judge to have Sam Bankman-Fried jailed ahead of his trial over the collapse of his FTX cryptocurrency exchange, saying he had 'crossed a line' by communicating too often with the press and trying to intimidate a witness.

Indicted FTX founder Sam Bankman-Fried exits United States Court in New York City, New York, U.S., June 15, 2023. REUTERS/Mike Segar/File Photo

At a hearing before U.S. District Judge Lewis Kaplan in Manhattan federal court, prosecutor Danielle Sassoon from the U.S. Attorney's office said Bankman-Fried has had more than 1,000 phone calls with journalists. Mark Cohen, a lawyer for Bankman-Fried, said his client was trying merely to protect his reputation, and that it "really would be almost impossible" to prepare for trial if Bankman-Fried were jailed.

Bankman-Fried has pleaded not guilty to charges he stole billions of dollars in FTX customer funds to plug losses at Alameda,John Ray, FTX's current chief executive, had been among those witnesses, but prosecutors said they do not intend to call him to testify.

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U.S. seeks detention of FTX's Sam Bankman-Fried pending trialFederal prosecutors in New York on Wednesday asked a judge to order Sam Bankman-Fried to be jailed ahead of his scheduled October trial over the collapse of his FTX cryptocurrency exchange.
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