Prosecutors have concluded that no bail conditions will ensure SBF wouldn’t try to tamper with or influence witnesses.
NEW YORK — A judge is weighing whether to revoke Sam Bankman-Fried ‘s bail after prosecutors said Wednesday that the FTX founder used the news media to harass a key witness against him and should be locked up until trial.
Judge Lewis A. Kaplan didn’t immediately decide whether to put the cryptocurrency entrepreneur behind bars, instead giving defense lawyers and prosecutors several days to submit written arguments and more information. Assistant U.S. Attorney Danielle Sassoon said Bankman-Fried should be jailed because he gave The New York Times some personal correspondence by Caroline Ellison. She was the CEO of Alameda Research, a cryptocurrency trading hedge fund that was an offshoot of FTX.
Lewis, known for his colorful books about the financial industry, is working on a book on Bankman-Fried titled: “Going Infinite: The Rise and Fall of a New Tycoon.” Cohen said his client should not be punished for trying to protect his reputation in any way he can, including through the media to offset so many stories that portray him in a bad light.
FTX entered bankruptcy in November when the global exchange ran out of money after the equivalent of a bank run.
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