2023-08-12 13:08:25
Former FTX platform boss Sam Bankman-Fried was remanded to jail on Friday by a federal judge in New York. The latter considered that the fallen star of cryptocurrencies had not respected the rules of his parole.
The prosecutor’s office is behind the cancellation of the conditional release. He accuses Sam Bankman-Fried of witness tampering. According to the prosecutor, he notably transmitted documents to the New York Times in an attempt to influence the testimony of Caroline Ellison, a former executive of his investment company Alameda, who was indicted and who agreed to collaborate with the American authorities. .
At the end of the hearing on Friday, a judge in the Southern District of New York “ordered that the accused be taken into custody by the US Marshalls”, the federal security agency responsible for prisoners.
Fraud and criminal association
Sam Bankman-Fried was arrested in the Bahamas – where FTX’s headquarters were located – in December 2022 at the request of US authorities, then extradited. He was later released on parole on $250 million bail.
>> Read: Former boss of cryptocurrency platform FTX arrested in the Bahamas
A central figure in the biggest scandal in the history of cryptocurrencies, he is charged in particular with fraud and criminal association. Pending his trial, he had been placed under house arrest with his parents in California. He has pleaded not guilty to all charges once morest him over the months.
>> Read also: Will the FTX scandal plunge all cryptocurrencies?
His trial is due to begin in October in New York.
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