A U.S. magistrate has withdrawn Sam Bankman-Fried’s release on bail after discovering credible evidence that the indicted FTX crypto exchange founder interfered with witnesses on at least two occasions. Judge Lewis Kaplan of the U.S. District Court made the verdict during a hearing on Bankman-Fried’s bail conditions in the federal courthouse in Manhattan. The judge unequivocally denied a request from the defense to postpone Bankman-Fried’s detention in light of the bail revocation.
The ruling has the potential to introduce complexities to Bankman-Fried’s trial preparations. Bankman-Fried stands accused of embezzling substantial sums from FTX customers to offset losses within his…
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