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

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NEW YORK: Federal prosecutors in New York on Wednesday (Jul 26) 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. At a hearing in Manhattan federal court, prosecutor Danielle Sassoon said Bankman-Fried 'crossed a

NEW YORK: Federal 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.

The request came after Bankman-Fried gave a New York Times reporter personal writings by Caroline Ellison, who led his crypto hedge fund Alameda Research, in what prosecutors said amounted to witness tampering. "This latest incident is an escalation of an ongoing campaign with the press that has now crossed a line," prosecutor Danielle Sassoon said."No set of release conditions can ensure the safety of the community."

 

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