FTX, the former CEO of SBF went to jail before going to court.
FTX founder Sam Bankman-Fried has been taken into custody ahead of trial in federal court on charges of leaking the diaries of former Alameda Research CEO Carolyn Ellison to the New York Times.
SBF bail canceled and sent to jail
The bail release of Sam Bankman-Fried and the cancellation of his custody came ahead of his trial in October, when he faces a range of financial charges.
According to the US Department of Justice, Bankman-Fried, the 31-year-old former CEO of FTX, manipulated several files in violation of the terms of the bond. It was stated that according to the defense team, Bankman-Fried had contacted former FTXUS General Counsel Raine Miller and was watching the Super Bowl on a virtual private network, and that these actions caused her to again be indicted for violating bail conditions. detained from
In addition, Bankman-Fried’s sharing with The New York Times of a portion of the private diary of former Alameda Research CEO Carolyn Ellison was a factor that led to the escalation of the allegations. Bankman-Fried’s defense team acknowledged sharing some pages of her diary with the Times, but argued that it was not for the purpose of tampering with any witnesses. In addition, the defense opposed the decision, saying that Bankman-Fried’s detention would complicate preparations for the trial.
Judge Lewis Kaplan, on the other hand, found these charges insufficient and did not approve Bankman-Fried’s imprisonment. The incident marks a complex and remarkable development in the judicial process of one of the leading names in the cryptocurrency industry.