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The US authorities charged him with wire fraud, conspiracy to commit money laundering and conspiracy to misuse customer funds. He is also facing suits by the SEC and CFTC over similar charges.
transported from texas of april last year. in new york, sam bankman-fried, the founder of bankrupt crypto currency exchange ftx was in jail after bail was revoked. the decision was made by a judge who sided with a request by federal prosecutors accusing him of witness tampering. the 31-year-old will remain in jail into his criminal trial begins in october. since his december arrest, bankman-fried had been out of jail on a 250 million dollar bail package which required him to remain in his parents palo alto, california, home. he was extradited last year from the bahamas on charges that he defrauded investors in his business and illegally diverted millions of dollars worth of cryptocurrency from customers using his ftx exchange. we have got a lot more coming up folks. you are watching msnbc. our second hour starts right now. i everybody, good to see you. i'm yasmin vossoughian.
Celsius Network on Tuesday sued a former investment manager, accusing him of losing or stealing tens of millions of dollars in assets before thecryptolender went bankrupt last month.