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FTX founder Sam Bankman-Fried loses bid to get out of jail, appeals court will hear case

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Prosecutors say Sam Bankman-Fried stole billions in FTX customer funds to plug losses at Alameda Research, his hedge fund

Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a Brooklyn jail so he could prepare better for his criminal trial, less than a month away, over the collapse of his FTX cryptocurrency exchange.’s request, the 2nd U.S. Circuit Court of Appeals in Manhattan nonetheless said it would ask the next available three-judge panel to consider it.

They pushed for Bankman-Fried to be jailed after he shared the personal writings of Caroline Ellison, Alameda’s former chief executive and his onetime romantic partner, with a New York Times reporter.

 

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