The arrest of former FTX CEO Sam Bankman-Fried has been sought.
US federal prosecutors have sought the arrest of former CEO Sam Bankman-Fried (SBF). The fate of SBF is still a matter of curiosity.
Prosecutors demanded the arrest of SBF, who was tried on multiple charges.
Federal prosecutors have demanded that former FTX CEO Sam Bankman-Fried (SBF) be arrested before he goes to trial. The request comes a week after the US Justice Department accused Bankman-Fried of leaking the private diary of a former colleague, Caroline Ellison, to the media. Ellison ran FTX’s sister trading company, Alameda Research, and pleaded guilty to multiple charges last year.
At the hearing in federal court, the prosecutor argued that no release terms could guarantee the safety of the community. He stated that Bankman-Fried is currently under house arrest and is trying to intimidate Ellison. Bankman-Fried called the New York Times reporter multiple times, according to the Inner City Press.
Bankman-Fried could face more than 100 years in prison if found guilty on a number of charges for allegedly using billions of client assets to make their own investments. FTX also filed for bankruptcy late last year. Bankman-Fried’s attorney agreed that he would not speak publicly about the case and stated that the case should apply to all parties and witnesses.
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