- Sam Bankman-Fried’s attorneys have appealed his detention following the cancellation of his bail.
- Bankman-Fried’s legal defense team appealed less than an hour after his arrest earlier today.
- Federal Judge Lewis Kaplan has canceled the FTX founder’s bail for witness tampering and the leak of Caroline Ellison’s private writings.
- The SBF will likely be incarcerated at the Putnam County Correctional Facility and the Metropolitan Detention Center during the trial.
Sam Bankman Fried’s legal defense team has appealed his remand, less than an hour after a Manhattan judge canceled his bail. The disgraced FTX founder and his escort were handcuffed outside the US District Court for the Southern District of New York earlier today after federal Judge Lewis Kaplan returned him to custody ahead of his trial, which is set to begin on October 2, 2023.
Sam Pankman is jailed for tampering with testimony
Inner City Press mentioned On X (formerly Twitter) earlier today, Judge Kaplan remanded Sam Bankman-Fried for his attempts to tamper with a key witness in the DOJ case against him. The judge also highlighted the FTX founder’s decision to leak the private writings of former Alameda Research executive Caroline Ellison with the New York Times last month.
“In light of the evidence, my conclusion is that there is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice…”
SDNY Judge Louis A. Kaplan
After Bankman-Fried’s bail was revoked, he was handcuffed by U.S. walkers and led outside the courtroom. As for Bankman Fried’s prison arrangements, Assistant United States Attorney Daniel Sassoon has suggested that he be held in New York’s Putnam County Jail and Manhattan Detention Center during his trial.
Within an hour of Sam Bankman-Fred’s bail being revoked and his subsequent arrest, his legal defense team, led by Mark Cohen, had resumed his remand custody. Cohen had previously stated his intent to appeal and asked Judge Kaplan for a written order to void bail for himself. According to the Inner City Press, an online application for appeal has been filed, complete with a $505 filing fee.