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Former CEO of FTX Back in Custody

Former CEO of FTX Back in custody. Sam Bankman-Fried, former CEO of the FTX crypto exchange, is back in jail at the Metropolitan Detention Center in Brooklyn, after a federal judge revoked Sam Bankman-Fried’s bail, Saturday (12/8/2023).

In an official statement quoted by Reuters, the prosecutor explained that the prison sentence was handed down to Bankman-Fried because this crypto dealer disturbed a potential witness appointed by the court.

Former CEO of FTX Back in Custody. Not only that, Sam was also proven to contact several of his business partners using a virtual private network secretly to avoid monitoring.

“Bankman -Fried has secretly contacted several past business associates who have agreed to a tort agreement and are planning to testify against him,” the federal judge explained.

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