Market Cap: $3,532,043,383,936
24h Vol: $90,506,682,984
Cryptocurrencies: 24715
Markets: 95953
Cryptocurrencies: 24715
Markets: 95953
Market Cap: $3,532,043,383,936     
24h Vol: $90,506,682,984
Seeking Alpha 2022-12-13 23:02:53

Bahamas judge denies bail for FTX founder Sam Bankman-Fried

Bahamas judge denies bail for FTX founder Sam Bankman-Fried
Disgraced FTX ( FTT-USD ) founder and former CEO Sam Bankman-Fried, who was arrested Monday evening, was denied bail in the Bahamas Tuesday amid flight risk, CNBC reported. A magistrate judge in the Bahamas said Bankman-Fried should be remanded into custody until February 8, 2023. That comes shortly after various agencies filed charges against the 30-year-old, including counts of conspiracy and wire and securities fraud. SBF was said to have asked attorney's that he be released on a $250K bail, bringing to attention his need for certain medication he takes regularly, including Zyrtec. "This morning, we unsealed an eight-count indictment charging Samuel Bankman-Fried, FTX's founder, with a series of interrelated fraud schemes that contributed to FTX's collapse," U.S. Attorney Damian Williams said during a press conference , as quoted by CoinDesk. Earlier, SBF planned to tell Congress that FTX US "remains solvent."
esptco-banner img
Latest News

Videos

  • Cardano: What is Cardano (ADA)? Explained!

  • What is a Bitcoin Wallet? How Bitcoin Wallets Work? Public & Private Key Explained!

  • DEFI: What is Defi? A Beginner's Guide to Decentralized Finance!

  • Hardware vs Software Wallets: Which One is Better for You?

Our Partners

Hashing Ad Space
Inbound Junction
Magic Logix
Asimi
Crypto Marketing Agency, FINPR
Chainwire