SBF Continues To Apply For New Guarantee In Bahamas Court
Former FTX CEO Sam Bankman-Fried (SBF) has filed a new bail application with the Bahamas Supreme Court, after a trial judge rejected his previous bail request.
On December 15, the SBF filed a new bail application before the Supreme Court of the Bahamas, a source familiar with the matter said on Thursday, according to Reuters.
As was updated in a previous Coincu News article, the action comes after a magistrate judge on Tuesday dismissed the former crypto mogul’s bail request.
According to the update, Sam’s attorneys have requested a $250,000 bail for him. The reason given was that the former CEO of FTX suffered from “depression” and “insomnia”. However it was denied vid suggested that he would be in danger of absconding.
Sam is currently being held in the Bahamas until at least February next year. The arrest between the SBF and the successive charges brought soon by prosecutors raised suspicions that his partners, particularly Caroline Ellison, the former CEO of Alameda Research, cooperated with investigative agencies.
Yesterday, SBF Top Forgers Ryan Salame told Bahamas regulators that in the days leading up to FTX’s collapse, SBF likely moved client funds to Alameda to cover losses.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
Coincu News
Author
News
SBF Continues To Apply For New Guarantee In Bahamas Court
Former FTX CEO Sam Bankman-Fried (SBF) has filed a new bail application with the Bahamas Supreme Court, after a trial judge rejected his previous bail request.
On December 15, the SBF filed a new bail application before the Supreme Court of the Bahamas, a source familiar with the matter said on Thursday, according to Reuters.
As was updated in a previous Coincu News article, the action comes after a magistrate judge on Tuesday dismissed the former crypto mogul’s bail request.
According to the update, Sam’s attorneys have requested a $250,000 bail for him. The reason given was that the former CEO of FTX suffered from “depression” and “insomnia”. However it was denied vid suggested that he would be in danger of absconding.
Sam is currently being held in the Bahamas until at least February next year. The arrest between the SBF and the successive charges brought soon by prosecutors raised suspicions that his partners, particularly Caroline Ellison, the former CEO of Alameda Research, cooperated with investigative agencies.
Yesterday, SBF Top Forgers Ryan Salame told Bahamas regulators that in the days leading up to FTX’s collapse, SBF likely moved client funds to Alameda to cover losses.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
Coincu News
Other Posts
Related Posts
Latest
Playnance Launches PlayBlock: The Future of Zero-Gas Blockchain for Trading, Gaming, and Web3 Adoption
The $100 Bet: Qubetics at $0.0212 Could Hit $70K, Amid Binance’s Market Impact and Cardano’s Resilience!
Federal Reserve Bitcoin Proposal as Lummis Suggests Selling Gold
Press Release
Playnance Launches PlayBlock: The Future of Zero-Gas Blockchain for Trading, Gaming, and Web3 Adoption
The $100 Bet: Qubetics at $0.0212 Could Hit $70K, Amid Binance’s Market Impact and Cardano’s Resilience!
