A federal judge revoked bail for FTX co-founder Sam Bankman-Fried, citing probable cause that the accused crypto fraudster attempted to tamper with witnesses. Bankman-Fried was remanded, at least temporarily, to the Metropolitan Detention Center in Brooklyn, while the parties sort out details of how he will review discovery materials ahead of a trial scheduled for October. Following the ruling, US marshals handcuffed Bankman-Fried and escorted him out of the courtroom.
They also stressed that the complexity of his defense, which involves hundreds of thousands of documents, requires Bankman-Fried to have regular access to a computer and the internet. His lawyers had also agreed to a gag order that would limit Bankman-Fried’s contact with individuals outside of the case. But Kaplan said Friday that a gag order wouldn’t be sufficient, given Bankman-Fried’s history of toeing of the line.