SBF jailed, FTX partners under attack: Law Decoded
Sam Bankman-Fried, the former CEO of the failed FTX crypto exchange, will be held in jail through the end of his two upcoming trials.
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Sam Bankman-Fried, the former CEO of the failed FTX crypto exchange, will be held in jail through the end of his two upcoming trials.
According to Sam Bankman-Fried’s legal team, he was “only able to bring a small supply” of ADHD medication and antidepressants to jail following the judge revoking his bail.
The former FTX CEO has swapped his parent's cozy Stanford home for the Metropolitan Detention Center in Brooklyn, which isn't known for its comforts.
Sam Bankman-Fried was reportedly led out of a New York courtroom in handcuffs after alleged attempts to influence or intimidate witnesses in his criminal case.
The media outlet claimed the public and press had a right to receive information on a "central participant in a financial scheme that defrauded investors of billions of dollars".
This week’s episode of The Market Report explores allegations that SBF was behind the recent BALD token rug pull and dissects why Bitcoin is falling below $29,000.
Lawyers claimed there was a "need to avoid" the public dissemination of documents Sam Bankman-Fried had shown a New York Times reporter which led to a story on Caroline Ellison.
The proposal followed a complaint filed by U.S. authorities alleging Sam Bankman-Fried had leaked Caroline Ellison’s private journals in an attempt to interfere with the trial.
According to court documents, Gabriel Bankman-Fried wrote a memo to the FTX Foundation with a plan to build a bunker to survive “some event where 50%-99.99% of people die."
FTX is inching closer to a potential reboot, with CEO John Ray reportedly opening up the floor to bidders looking to finance the new venture.