Sam Bankman-Fried must remain in Brooklyn jail until federal appellate judges rule on his motion for pretrial release, the Court of Appeals for the Second Circuit ruled Wednesday.
Bankman-Fried faces a litany of financial crimes related to his crypto exchange’s November 2022 collapse. He had been out on bail until the federal judge overseeing his case revoked his bail in early August for witness tampering, a decision the former FTX CEO appealed.
That appeal will be heard by the next available three-judge panel, the clerk of the court said Wednesday while also denying his request for immediate release. The timeline on next steps was not immediately clear.
Trending: One of America’s Largest Pharmacies Proposes to Close Hundreds of Stores in Bankruptcy
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!