Sam Bankman-Fried Gets Out Of Jail 5 Days/Week To Prepare For Defense

Key Points:

• Former FTX CEO Sam Bankman-Fried (SBF) has asked to be released five days a week to prepare for the upcoming defense.
• SBF’s action comes after a judge revoked his $250 million bail last week for allegedly attempting to tamper with witnesses.
• SBF’s attorney, Christian Everdell, said allowing SBF to meet with an attorney and use an Internet-connected laptop in court was necessary to speed up the proceedings.

According to Bloomberg, the former CEO of FTX Sam Bankman-Fried (SBF) has asked to be released five days a week to prepare for the defense.

A week after being jailed, FTX co-founder Sam Bankman-Fried asked to go out five days a week to defend himself with his attorneys in federal court in Manhattan.

Previously, attorneys representing the former FTX director stated that with SBF in jail, he would not be able to adequately prepare for his trial due to the large amount of material discovered only accessible to the public accessible via a computer with an internet connection.

Therefore, today, SBF attorney, Christian Everdell, said that allowing SBF to meet with attorneys and use an Internet-connected laptop in court is necessary to expedite the proceedings.

At a hearing last week in New York’s Southern District Court, U.S. Federal Judge Lewis Kaplan decided to revoke the SBF bail, which is currently being held at the Metropolitan Detention Center in Brooklyn, New York.

Sam Bankman-Fried was taken to Brooklyn’s Metropolitan Detention Center, Bureau of Prisons records show. Unless an appeal is successful, he will be held in custody until his criminal trial begins on October 2. Judge Kaplan previously issued a direct and stern warning to SBF in July about his conversations with the media.

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