CryptoMediaClub
Sunday, June 15, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Federal Prosecutors Seek Bail Revocation for Former FTX CEO Ahead of Trial

27.07.2023
A A
0
127
VIEWS
ShareShare

Former FTX CEO, Sam Bankman-Fried, is facing a new legal challenge as federal prosecutors have requested that his bail be revoked. At the same time, he awaits trial, reported by the Associated Press on July 26. Prosecutors alleged that Bankman-Fried leaked the personal writings of Caroline Ellison, former CEO of FTX’s sister firm, Alameda Research, to the New York Times. Ellison is set to act as a witness at Bankman-Fried’s trial, and prosecutors argued that his alleged information sharing amounted to witness tampering, prompting their demand for imprisonment.

Bankman-Fried’s lawyer asserted his client’s not-guilty plea and revealed that the incarceration request was communicated just moments before the latest hearing. Judge Lewis A. Kaplan has given both sides time to submit written arguments, expressing his concern for the government’s interests and Bankman-Fried’s First Amendment rights.

This is not the first time the possibility of Bankman-Fried’s incarceration has been discussed. Prosecutors and his legal team had previously agreed on communications restrictions after he allegedly attempted to bypass electronic communication constraints. His trial is scheduled to begin on October 2, 2023, and he currently faces 13 charges, with a potential prison sentence of up to 115 years if convicted.

Until the trial date, Bankman-Fried will remain on his $250 million bail and under house arrest at his parent’s home in Palo Alto, California. FTX, which experienced a run on accounts and collapsed in November 2022, is now undergoing bankruptcy proceedings and is under the leadership of its replacement CEO, John Ray III.

The post Federal Prosecutors Seek Bail Revocation for Former FTX CEO Ahead of Trial appeared first on BitcoinWorld.

Share10Tweet6ShareSharePin2

Related Posts

Major Leap: Upbit’s Banking Partner Joins Forces for South Korea Blockchain Advancement and Stablecoin Study
Blockchain

Major Leap: Upbit’s Banking Partner Joins Forces for South Korea Blockchain Advancement and Stablecoin Study

13.06.2025
0

Skip to content

Read moreDetails
Binance Alpha Spotlights Promising Pundi AI on Early Crypto Platform

Binance Alpha Spotlights Promising Pundi AI on Early Crypto Platform

12.06.2025
Chainlink CBDC Pilot: Pioneering Secure Digital Currency Exchange

Chainlink CBDC Pilot: Pioneering Secure Digital Currency Exchange

10.06.2025
TRUMP Memecoin: Eric Trump Announces Significant WLFI Investment Plan

TRUMP Memecoin: Eric Trump Announces Significant WLFI Investment Plan

07.06.2025
Accelerate: Sui and Dubai VARA Partner to Boost Crypto Startups

Accelerate: Sui and Dubai VARA Partner to Boost Crypto Startups

05.06.2025
Load More
Next Post
Memecoins Surge Amidst Bitcoin’s Decline: Santiment’s Analysis and Market Insights

Memecoins Surge Amidst Bitcoin’s Decline: Santiment’s Analysis and Market Insights

4 1 vote
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

U.S Presidential Contender Robert F. Kennedy Jr. To Accept BTC Contributions

U.S Presidential Contender Robert F. Kennedy Jr. To Accept BTC Contributions

2 years ago
Crypto.com Appoints Al-Hakim as President of UAE Ops

Crypto.com Appoints Al-Hakim as President of UAE Ops

6 months ago
Panic Among $ETH Holders as Funds Pour Into New Dogecoin Challenger

Panic Among $ETH Holders as Funds Pour Into New Dogecoin Challenger

10 months ago
Bitcoin miners need BTC price over $98K by the halving — Analysis

Bitcoin miners need BTC price over $98K by the halving — Analysis

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot?

Trending

Forget Just Gold, Bitcoin Is Coming for $30T Bond Market Too: Bitwise CEO
All news

Forget Just Gold, Bitcoin Is Coming for $30T Bond Market Too: Bitwise CEO

15.06.2025
0

Bitcoin’s potential as a store-of-value asset now extends beyond the gold market, according to Bitwise CEO Hunter...

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

15.06.2025
Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Earnings

Trump’s Crypto Bet Pays Off: Over $600M Reported in 2024 Earnings

15.06.2025

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

15.06.2025

Missed $PEPE or $WIF? Snorter Helps You Win the Meme Coin Game – ICO Hits $900K 

15.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz