Judge Lewis Kaplan on Friday (local time) withdrew bail and ordered the 31-year-old to leave his parents’ home in California and be held in custody in the Brooklyn borough of New York instead. Bankman-Fried is said to have tried to intimidate witnesses, the court in New York said on Friday.
“He’s pushed the limits over and over again and I’m withdrawing the bail option,” Kaplan said in announcing his decision, according to US media reports. Former billionaire Bankman-Fried faces 13 counts, including fraud and conspiracy. His trial is scheduled to begin on October 2nd.
The entrepreneur was arrested on December 12, 2022 at the instigation of the US judicial authorities in the Bahamas. FTX had its headquarters there. Before the collapse, these were one of the largest trading centers for so-called cryptocurrencies such as the digital money Bitcoin.
2023-08-11 23:46:00
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