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A Bahamas judge denied FTX founder Sam Bankman-Fried’s bid for release on a $250,000 cash bail after he cited his vegan diet and an ADD diagnosis as justification.
The cryptocurrency mogul is currently in Bahamian custody and faces extradition to the United States. He was arrested on Monday at the behest of U.S. authorities, who on Tuesday unveiled an indictment against him. He faces charges from both the Department of Justice and the Securities and Exchange Commission in connection with the November collapse of his digital currency.
Bankman-Fried in court on Tuesday indicated he would not waive an extradition hearing, according to the New York Post. His lawyer had proposed requiring him to wear an ankle bracelet as part of the release conditions, which the judge denied , per Bloomberg.
The crypto executive faces a combined 115 years in prison if convicted on the U.S. charges. Bahamian officials are pursuing a separate […]
Excerpt Sourced From: justthenews.com
