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Prosecutors have asked a judge to revoke Bankman-Fried's bail, claiming he tried to harass a key witness in his fraud case. His lawyers insist he shouldn't be jailed for trying to protect his reputation against a barrage of unfavorable news stories.
The FTX founder has been allowed to live at his parents' home under house arrest, but prosecutors claim he violated his deal by trying to influence jurors.
FTX founder Sam Bankman-Fried has a court hearing that could decide whether the fallen cryptocurrency wiz must go to jail while he awaits trial.
TX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge convinced that he had repeatedly tried to influence witnesses against him.
U.S. District Judge Lewis A. Kaplan ordered Bankman-Fried's bail revoked after prosecutors said he'd tried to harass a key witness in his fraud case last month when he showed a journalist her private writings and in January when he reached out to the general counsel for FTX with an encrypted communication.