A US federal judge on Friday ordered FTX founder Sam Bankman-Fried back to prison less than two months before his trial on fraud charges, revoking the disgraced cryptocurrency tycoon's bail over alleged attempts to tamper with witnesses.
Bankman-Fried, 31, has pleaded not guilty to charges of wire fraud and conspiracy to commit money laundering, as well as election finance violations, in connection with the spectacular collapse of his crypto firm last year.
FTX and its sister trading house Alameda Research went bankrupt in November, dissolving a virtual trading business that at one point had been valued by the market at $32 billion.
US District Judge Lewis Kaplan justified the revocation of bail by citing "probable cause... that the defendant has committed the federal crime of attempted witness tampering," the ruling said.
Register to read the full article.
Already have an account? Sign In.
Register for free for:
- Access to ten free articles per month
- Our weekly roundup of top stories
- Monthly newsletters on topics of your choice
- Unlimited article access each month
- Crosswords and puzzles on Canadian holidays
- Full newsletter access