The FTX founder lost his bid for a “temporary release” from jail ahead of trial.
Originally, this newsletter was an analysis on whether or not Sam Bankman-Fried would be released from jail ahead of trial. A short while ago, Judge Lewis Kaplan, of the U.S. District Court for the Southern District of New York, ruled he wouldn’t be. So this is now just that article, with some added stuff, basically.
My speculative guess is that, at some level, Bankman-Fried’s team didn’t truly expect him to be released. The arguments about the Sixth Amendment seemed more of a rhetorical device. What I think is going to happen is if Bankman-Fried is convicted on one or more of the seven charges he faces at present, his defense team will file an appeal.
Around then, we should start getting a full list of witnesses. There's been some speculation that Ryan Salame, the former co-CEO of FTX Digital Markets, may now testify afterto charges last week. Still, the New York Times reports that he is not cooperating in the Bankman-Fried investigation.
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