The latest motion for the release of Sam Bankman-Fried has been rejected by the U.S. Court of Appeals.
The court cited Sam Bankman-Fried’s attempts to manipulate witnesses as a key reason for the refusal.
The former CEO of FTX remains in prison awaiting his scheduled sentencing on March 28.
Court Decision on the Release of Sam Bankman-Fried
We have reviewed the defense’s additional arguments and found them unconvincing.
Catherine O’Hagan Wolfe
The U.S. Court of Appeals has rejected Sam Bankman-Fried’s latest request for release, the former CEO of crypto exchange FTX. In a letter dated November 21, the court clerk Catherine O’Hagan Wolfe stated that the court found Sam Bankman-Fried’s arguments for his release unconvincing. The decision highlights the court’s concern over his previous attempts to manipulate witnesses before his initial trial.
The record shows that the trial court thoroughly considered all relevant factors, including the defendant’s-appellant’s behavior over time, which led the trial court to repeatedly tighten the release conditions.
Background of the Sam Bankman-Fried Case
Sam Bankman-Fried, convicted on November 2 of seven criminal charges, including defrauding FTX customers, lenders, and investors, awaits sentencing on March 28. His legal troubles escalated after being accused of leaking sensitive information to the media and attempting to influence key witnesses. His house arrest was revoked in October following these violations, resulting in his current detention in prison.