Key Points:
According to previous news, US federal judge Lewis Kaplan decided to revoke SBF’s bail at a hearing in New York’s Southern District Court, saying he tried to interfere with individuals’ evidence at least twice.
In the petition asking for Bankman-Fried’s detention, prosecutors said he had sent over 100 emails over the past few months and made over 1,000 phone calls with the media. Prosecutors accused him of sharing secret documents tied to Caroline Ellison, a former associate of his in the fall of FTX, to the New York Times as part of a communications strategy.
Judge Kaplan emphasized the gravity of the situation, stating that a gag order alone would not suffice given Bankman-Fried’s repeated attempts to influence the proceedings.
Fox Business reporter Eleanor Terrett later tweeted that Judge Lewis Kaplan dismissed the defense’s request for deferred detention pending the appeal and that the SBF is going to jail today.
Previously, the owner of FTX lived at his parents’ home in Palo Alto, California, while awaiting trial on October 2 this year, thanks to spending a considerable amount of bail of $250 million.
Coincu will continue to update the situation related to Sam Bankman-Fried, you can find out more information through this article.
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.
Bitcoin Spot ETF Outflows hit $541M on November 4, the second-highest single-day outflow in history.…
The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…
UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…
a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…
Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…
Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…
This website uses cookies.