The request to temporarily release Sam Bankman-Fried (SBF), the founder of the bankrupt cryptocurrency exchange FTX, from prison was rejected by the court.
SBF’s lawyers Before his hearing on October 3 He requested that he be temporarily released from prison so that he could review the documents and be better involved in the process. But this request was rejected by the US Court of Appeals. Thursday, September 21 day was rejected. In line with the last decision taken, the former CEO, It will take place on October 3 until the hearing in prison will continue to wait.
In the statement made by the court, SBF was released from prison. The request is not convincing While stating the details, the following statements were included:
We reviewed his additional arguments for the request and found him unconvincing. In its decision on Thursday, after the necessary evaluations, the US Court of Appeals for the Second Circuit decided to reject the request for pre-trial release.
Court August In the decision given at the beginning of the month, SBF violated the bail conditions. To Caroline Elison, CEO of Alameda Research He stated that he leaked the diary to the press and emphasized that such attitudes could seriously affect the court process. These behaviors of SBF ultimately $250 million cancellation of bail and by being sent to prison It was concluded.
SBF is scheduled to appear in Manhattan federal court on October 3. How FTX works And linked to the collapse that followed He will face fraud and conspiracy charges. Bankman-Fried has denied all the accusations against him so far.