Bankman-Fried to stay in jail, appeals court rules ...Middle East

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Bankman-Fried to stay in jail, appeals court rules
NEW YORK: A US appeals court on Thursday upheld a judge’s decision to jail former cryptocurrency billionaire Sam Bankman-Fried ahead of his Oct 3 trial on fraud charges stemming from the November 2022 collapse of his now-bankrupt FTX exchange.In a written decision, a three-judge panel of the 2nd US Circuit Court of Appeals in Manhattan said it agreed with US district judge Lewis Kaplan’s finding that Bankman-Fried had likely attempted to tamper with two witnesses.This included his sharing the personal writings of Caroline Ellison, the former chief executive of his Alameda Research hedge fund, with a New York Times reporter.Ellison has pleaded guilty to fraud and is expected to testify agains

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