Business Insider USFTX founder and disgraced former CEO, Sam Bankman-Fried will be held in Bahamian prison without bail.A Bahamian judge denied FTX founder Sam Bankman-Fried's request to be let out on bail.
CoinDesk reported Bankman-Fried's lawyers asked the judge at a court hearing in the Bahamas on Tuesday to consider releasing him on $250,000 bail. Bankman-Fried's lawyer, Jerome Roberts, said the FTX founder is not a flight risk because he owns real estate in the Bahamas, CoinDesk reported.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried charged and accused of 'orchestrating a massive, years-long fraud' | Business InsiderThe US Securities and Exchange Commission accused Bankman-Fried of diverting billions of FTX's customer funds for 'his own personal benefit and to help grow his crypto empire.'
Source: BISouthAfrica - 🏆 34. / 51 Read more »
International Finance: Sam Bankman-Fried arrested in Bahamas as US files FTX chargesThe disgraced co-founder of digital-asset exchange FTX was arrested in the Bahamas after the US government filed a criminal indictment, following weeks of speculation that client funds were misused before his empire’s collapse. Mmm 🤔🤔 - convenient. Couldn't have SBF mouthing off before House Republicans in less than 3 weeks. Possibly been lawyered up and well looked after as second largest donor to Dems in mid terms. Regime looking after their asset? Asking for a friend. What do u mean weeks of speculation? Client funds are gone, stolen ... Clients are not wondering if the money has been misused, they know for a fact cos it's not there... Ay man
Source: dailymaverick - 🏆 3. / 84 Read more »