Bankman-Fried was put into custody directly from the Manhattan courthouse, and will remain in a New York federal detention center until his trial on Oct. 2, according to the judge.
A judge has ordered FTX founder Sam Bankman-Fried to be jailed ahead of his criminal trial, siding with federal prosecutors who argued
The 31-year-old has been confined to his parents’ home in California since December, when he was extradited from the Bahamas on charges that he defrauded investors through his now-defunct cryptocurrency exchange. The terms of Bankman-Fried’s bailhad been tightened in the months before the ruling, but it was ultimately Bankman-Fried’s contact with the media that led to his detention.
In July, Bankman-Fried shared private diary entries of Caroline Ellison, his former romantic partner and the CEO of FTX’s trading arm, with a reporter from the New York Times at his parent’s home in California.
Bankman-Fried’s defense attorneys argued that he had a First Amendment right to repair his reputation, and cited that there was no gag order that prohibited him from talking to media.
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