Bitcoin bail

bitcoin bail

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FTX founder Sam Bankman-Fried was sent to jail Friday to await trial after a bail hearing for the fallen cryptocurrency wiz left a judge. The year-old, who was seen as a crypto whiz before the exchange collapsed last year, has been free on $ million bond since his December. Bankman-Fried, 31, faces a trial set for Oct. 2 on criminal charges of stealing billions of dollars in FTX customer funds to plug losses at his.
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A defense lawyer said an appeal of the incarceration order would be filed and asked for an immediate stay of the order. Prosecutors maintained he was trying to sully her reputation and influence prospective jurors who might be summoned for his October trial. Cohen said his client should not be punished for trying to protect his reputation in any way he can, including through the media to offset so many stories that portray him in a bad light. She has agreed to testify against Bankman-Fried as part of a deal that could result in leniency.