Monday, September 25, 2023

Sam Bankman-Fried held in custody until trial




An appeals court in the United States has upheld a decision to revoke former cryptocurrency billionaire Sam Bankman-Fried's bail and hold him in custody pending trial. He is accused of fraud stemming from the November 2022 collapse of his now-bankrupt FTX exchange and is due to go on trial on October 3.

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