Sam Bankman-Fried must be jailed pending his October fraud trial over the collapse of the FTX cryptocurrency exchange he founded because he is trying to intimidate witnesses and influence their testimony, prosecutors said on Friday.
Bankman-Fried, a former billionaire, has lived mainly under house arrest at his parents' Palo Alto, California, home since his December 2022 extradition from the Bahamas.
Bankman-Fried, 31, acknowledged sharing the documents with a Times reporter. The U.S. Attorney's office in Manhattan said that crossed the line, and that Bankman-Fried's efforts to intimidate witnesses amounted to witness tampering. "What the defendant may not do, and what he has now done repeatedly, is seek to corruptly influence witnesses and interfere with a fair trial through attempted public harassment and shaming," prosecutors added.
Bankman-Fried has pleaded not guilty to stealing billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund, where Ellison was chief executive.
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