Federal Judge to Consider Revoking Bail for Sam Bankman-Fried
A federal judge overseeing the criminal case against Sam Bankman-Fried is set to review the possibility of revoking the former FTX CEO’s $250 million bail following allegations of intimidation against Caroline Ellison. Additionally, federal prosecutors in New York have requested that Sam Bankman-Fried be jailed before his scheduled October trial. At a hearing in Manhattan federal court, prosecutor Danielle Sassoon argued that “no set of release conditions can ensure the safety of the community.”
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A federal judge overseeing the criminal case against Sam Bankman-Fried is set to review the possibility of revoking the former FTX CEO’s $250 million bail following allegations of intimidation against Caroline Ellison.
Additionally, federal prosecutors in New York have requested that Sam Bankman-Fried be jailed before his scheduled October trial.
During a hearing at the federal court in Manhattan, prosecutor Danielle Sassoon asserted that no set of release conditions can ensure the safety of the community.
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