NEW YORK — FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Bankman-Fried drooped his head as Judge Lewis A. Kaplan explained at length why he believed the California man had repeatedly pushed the boundaries of his $250 million bail package to a point that Kaplan could no longer ensure the protection of the community, including prosecutors’ witnesses, unless the 31-year-old was behind bars. After the hearing ended, Bankman-Fried took off his suit jacket and tie and turned his watch and other personal belongings over to his lawyers.

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BING NEWS:
  • FTX co-founder Gary Wang gets no prison time after testifying against Sam Bankman-Fried
    One of the FTX co-founders who pleaded guilty to massive fraud and cooperated against CEO Sam Bankman-Fried was sentenced Wednesday to time served. Gary Wang, 32, walked out of Manhattan Federal Court ...
    11/20/2024 - 9:54 am | View Link
  • FTX executive and co-founder Gary Wang gets no jail time for role in crypto collapse
    FTX co-founder Gary Wang skirted prison time unlike his counterparts for fraud charges related to the collapse of the cryptocurrency exchange.
    11/20/2024 - 4:05 am | View Link
  • FTX co-founder gets no prison time after cooperating in case against Sam Bankman-Fried
    NEW YORK (AP) — An apologetic FTX co-founder was sentenced Wednesday to no time in prison after a prosecutor and a federal judge praised his cooperation against Sam Bankman-Fried and his efforts to ...
    11/20/2024 - 1:45 am | View Link
  • More

 

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