Court Denies Sam Bankman-Fried’s Motion to Be Released

Reading Time: < 1 minute

The latest request for release by Sam Bankman-Fried has been denied by the US Court of Appeals for the Second Circuit, leaving him in jail while his lawyers appeal his case.

Clerk of Court Catherine O’Hagan Wolfe wrote a letter stating that the court found Bankman-Fried’s additional arguments to be unconvincing.

Additionally, the court noted that Bankman-Fried had previously attempted to tamper with witnesses before his original trial.

The court also acknowledged that the district court had carefully considered all relevant factors and had been forced to impose stricter release conditions due to Bankman-Fried’s repeated misconduct.

Bankman-Fried, who was initially arrested on seven charges of defrauding customers, lenders, and investors of FTX, was found guilty by a jury on November 2 after a month-long trial. His sentencing is currently scheduled for March 28.