FTX founder Bankman-Fried headed to jail after judge revokes bail

A US judge has revoked Sam Bankman-Fried’s bail after finding probable cause that the indicted founder of the bankrupt FTX cryptocurrency exchange tampered with witnesses at least twice.

United States District Judge Lewis Kaplan announced the decision on Friday at a hearing over Bankman-Fried’s bail conditions in federal court in Manhattan, less than two months before the scheduled October fraud trial.

He rejected a defence request to delay Bankman-Fried’s detention pending appeal of the bail revocation.

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