NEWS… BUT NOT AS YOU KNOW IT
Disgraced cryptocurrency mogul Sam Bankman-Fried has been detained in a Brooklyn jail notorious for its ‘inhuman’ conditions.
The former CEO of crypto exchange FTX had his bail revoked on Friday after a judge found there was considerable evidence he committed witness tampering.
Federal prosecutors pushed to revoke Bankman-Fried’s $250million bail after he reportedly leaked the private letters of Caroline Ellison, the former CEO of Alameda Research and his ex-girlfriend, who is now serving as a cooperating witness for the government.
‘There is no condition or combination of conditions of release that will assure that the defendant will not pose a danger to other persons or the safety of the community,’ District Judge Lewis Kaplan said in an order on Friday.