Luc Cohen

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FTX's Bankman-Fried, seeking to avoid jail, due back in court

– Sam Bankman-Fried, the indicted founder of the bankrupt FTX cryptocurrency exchange, is due back in a Manhattan courtroom on Friday, where he may learn if he will have to prepare for his October fraud trial from behind the jailhouse door. Bankman-Fried, 31, has pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at his hedge fund Alameda Research. He has been largely confined to his parents’ Palo Alto, California, home on $250 million bond since his December 2022 arrest, but the U.S. Attorney’s Office in Manhattan now

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FTX's Bankman-Fried appeals jailing as trial nears

Sam Bankman-Fried has appealed a decision to jail him for alleged witness tampering ahead of his Oct. 3 trial over the collapse of his FTX cryptocurrency exchange. In a filing late on Friday night with the 2nd U.S. Circuit Court of Appeals, Bankman-Fried’s lawyers said the 31-year-old former billionaire simply exercised his First Amendment rights by sharing writings by his former colleague and romantic partner Caroline Ellison with a New York Times reporter. Ellison is one of three former members of Bankman-Fried’s inner circle expected to testify against him after pleading guilty to fraud.

Uncategorized

FTX's Bankman-Fried appeals jailing as trial nears

Sam Bankman-Fried has appealed a decision to jail him for alleged witness tampering ahead of his Oct. 3 trial over the collapse of his FTX cryptocurrency exchange. In a filing late on Friday night with the 2nd U.S. Circuit Court of Appeals, Bankman-Fried’s lawyers said the 31-year-old former billionaire simply exercised his First Amendment rights by sharing writings by his former colleague and romantic partner Caroline Ellison with a New York Times reporter. Ellison is one of three former members of Bankman-Fried’s inner circle expected to testify against him after pleading guilty to fraud.

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