SBF has reportedly lodged a new application for bail just two days after his previous bid was knocked back by a judge who warned the former FTX CEO is a flight risk.
Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX has reportedly filed a new application for bail in the Bahamas Supreme Court following his previous unsuccessful bail bid.the founder submitted the application and that it would be heard before the court in just over one month's time on Jan. 17, 2023. However it did not cite any sources.
Previously, on Dec. 13, Bankman-Fried’s lawyers had argued for him to be let out on bail set at $250,000 as he had no prior convictions and was suffering from depression and insomnia. The presidingBankman-Fried is remanded at Fox Hill Prison, the only jail in the Bahamas. A 2021 United States State Department report said
were “harsh” and overcrowded with poor medical care, sanitation and nutrition. Correctional officers were alleged to physically abuse detainees.
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