Former FTX CEO Sam Bankman-Fried Denied Release from Jail Ahead of Trial
Sam Bankman-Fried, the former CEO of FTX, has been denied a request to be released from jail before his trial next week. Bankman-Fried’s lawyers argued that his temporary release was necessary for the preparation of his defense. However, prosecutors opposed the request, stating that he had access to resources before being jailed in August.
Prosecutors Argue Against Bankman-Fried’s Release
In a letter to Judge Lewis Kaplan, prosecutors detailed the accommodations provided to Bankman-Fried in jail, including the use of two personal airgapped computers and hand-delivery of hard-drive materials. They argued that these accommodations went beyond what most detainees receive and therefore his request for release should be denied.
Bankman-Fried’s Appeal and Witness Tampering Accusations
Last week, Bankman-Fried also lost an appeal to be released from jail ahead of his trial. He was sent to jail in August after being accused of witness tampering by leaking private information and using encrypted messages to contact a potential witness. Despite these setbacks, Bankman-Fried has been granted permission to change into a suit each morning of his trial and use a laptop in the courtroom (without internet access).
Hot Take: Bankman-Fried’s Bid for Release Denied
Former FTX CEO Sam Bankman-Fried has been denied release from jail ahead of his upcoming trial. Despite arguing that his temporary release was necessary for trial preparation, prosecutors opposed the request, highlighting the accommodations he already had in jail. This includes access to two personal airgapped computers and hand-delivery of materials. Bankman-Fried also lost an appeal last week and is facing accusations of witness tampering. Although he will be allowed to change into a suit each morning and use a laptop in the courtroom (without internet access), his bid for release has been unsuccessful.
By
By
By
By