Judge Sends FTX’s Sam Bankman-Fried to Jail Ahead of Fraud Trial

A federal judge revoked FTX founder Sam Bankman-Fried’s bail and sent him to jail Friday.

The decision ended a monthslong battle between the Justice Department and the onetime crypto entrepreneur over his behavior while awaiting trial on fraud charges.

U.S. District Judge Lewis Kaplan said at a hearing in New York that Bankman-Fried pushed the limits of his bail conditions repeatedly and possibly committed a federal crime.

“There is probable cause to believe that the defendant has attempted to tamper with witnesses at least twice,” Kaplan said.