While the evening is already well advanced and the tranquility of the weekend seems to be setting in, news from the United States breaks the tranquility of a summer evening. The judge in charge of the FTX case has made the decision to revoke the bond of Sam Bankman-Fried, the infamous founder of FTX. Consequently, the latter, faced with not less than 8 counts, will be taken to jail.
Sam Bankman-Fried’s bail revoked by US judge
It was during a hearing held this Friday that Federal Judge Kaplan of the Southern District of New York made public her decision to revoke Sam Bankman-Fried’s bail.
This deposit, valued at 250 million dollars since last December, had allowed Sam Bankman-Fried to remain under house arrest with his parents.
“My conclusion is that there are probable grounds to believe that the accused attempted to tamper with witnesses on at least two…there is a rebuttable presumption that there is no set of conditions which will ensure that Bankman-Fried will not be a danger”
Judge Kaplan – Source
Sam Bankman-Fried, au cachot!
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Sam Bankman Fried, the founder of FTX at the mitard
This reversal of the situation is explained by the behavior of SBF, which showed a problematic attitude by disclosing the diaries of his former associate, Caroline Ellison, to the press, as was his custom. Additionally, he was accused of using the Signa encrypted messagingL. All of this, in conjunction with the request from the Department of Justice (DoJ), worked in favor of the scales of justice.
This bygone era marks a turning point, as SBF behind the fall of the FTX/Alameda Research empire will spend the months that separate it from its audience behind bars. This hearing is scheduled for October 2.
As the wait drags on for FTX’s recovery proceedings, this latest announcement, along with the image of SBF leaving the lawsuit without a shoelace or tie, makes it clear what turn Sam Bankman-Fried’s fate could take. face a prison term of up to 100 years. To his surprise, SBF appeals the judge’s decision. Case to follow.
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2023-08-11 20:03:00
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