Sam Bankman-Fried was ordered to return to jail by a U.S. judge who accused the founder of the bankrupt crypto exchange FTX of tampering with witnesses.
Bankman-Fried, who was arrested on fraud charges in connection with last year’s FTX crash, had been under house arrest in Palo Alto after posting a $250 million bail.
But U.S. District Judge Lewis Kaplan on Friday revoked the bail after prosecutors argued that Bankman-Fried tried to intimidate witnesses, including Caroline Ellison, his former girlfriend who was CEO of Alameda Research, a crypto hedge fund he owned, according to media reports. Bankman-Fried shared Ellison’s private and personal writings with the New York Times, which prosecutors argued was an attempt to taint her reputation and influence potential jurors. His attorneys countered that he was trying to defend his reputation.The disgraced crypto executive’s return to jail marked another unexpected twist in one of the biggest fraud scandals involving a major crypto company and executive.
The FTX crash highlighted the dramatic collapse of the crypto market which shed $2 trillion last year. The FTX meltdown was followed by a series of setbacks for the crypto industry, including major layoffs and the collapse of Silvergate Bank. Bankman-Fried, who has been detained at his parents’ home in Palo Alto, has rejected the allegations against him, arguing in a January blog post: “I didn’t steal funds. And I certainly didn’t stash billions away.“
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sam Bankman-Fried’s father Joseph Bankman lawyers up as FTX probe progressesJoseph Bankman hired an attorney who specializes in “white-collar criminal defense.”
Baca lebih lajut »
FTX Bahamas co-CEO Ryan Salame blew the whistle on FTX and Sam Bankman-FriedFTX Digital Markets co-CEO alerted the securities regulator in the Bahamas to the fraud being committed at the exchange, telling the authorities that FTX was sending customer funds to Alameda Research.
Baca lebih lajut »
SBF thought it was a good idea to start a Substack | EngadgetFTX founder Sam Bankman-Fried is writing about the collapse of FTX on Substack.
Baca lebih lajut »
Sam Bankman-Fried Negotiating Bail Conditions, Court Filing SaysCounsel for former FTX CEO Sam Bankman-Fried is currently in talks with U.S. prosecutors to “resolve the outstanding issues related to Bankman-Fried’s bail conditions,” according to a court filing. Meanwhile, Proposals to subpoena FTX founder Sam Bankman-Fried, his immediate family and senior staff of the bankrupt crypto exchange have been opposed by the U.S. Trustee. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De breaks down the latest on Sam Bankman-Fried and FTX's hearings.
Baca lebih lajut »
The FTX Insiders Turning Against Sam Bankman-Fried - The Journal. - WSJ PodcastsThree executives who formed Sam Bankman-Fried’s inner circle have now pleaded guilty to fraud charges and agreed to cooperate with prosecutors. WSJ’s Alexander Osipovich on what their plea deals could spell for the FTX founder. Further Reading: - Close Ally of FTX Founder Sam Bankman-Fried Pleads Guilty to Fraud - How FTX’s Nishad Singh Turned to Crypto Crime Further Listening: - The Charges Against FTX’s Sam Bankman-Fried - ‘Do You Expect to Go to Prison?’: An Interview With SBF - The Fall of Crypto's Golden Boy
Baca lebih lajut »
FTX ex-CEO Sam Bankman-Fried says he wants to start a new businessSam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.
Baca lebih lajut »