Bahamas media experiences that Sam Bankman-Fried lodged a model new bid for bail merely 2 days after resolution denied his earlier utility and known as the FTX founder a flight danger.
Sam Bankman-Fried, the captive founding father of bankrupt cryptocurrency alternate FTX has reportedly filed a model new utility for bail inside the land Supreme Courtroom following his earlier unsuccessful bail bid.
Native media on Dec. 15 rumored the founder submitted the applying which it’d be detected earlier than the court docket in exactly over one month’s time on Jan. 17, 2023. however it didn’t cite any sources.
Beforehand, on Dec. 13, Bankman-Fried’s legal professionals had argued for him to be unchained on bail set at $250,000 as he had no earlier convictions and was plagued by melancholy and sleep problem. The presiding choose denied bail to the crypto govt a flight danger.
Bankman-Fried is remanded at Fox Hill jail, the only jail inside the land.A 2021 U.S. The State Division reported the identical situations at Fox Hill had been “harsh” and overcrowded with poor medical help, sanitation and vitamin. Correctional officers had been presupposed to bodily abuse detainees.
Extradition to the U.S. is on the playing cards as a result of the Bahamian authorities has the identical “promptly” methodology for any give up request as a result of the alternate founder faces eight fees along with concealment, wire fraud, and securities fraud.
The slew of fees may even see Bankman-Fried land in jail for 100 fifteen years, nonetheless authorized commentators have advised Cointelegraph there’s a “lot to play out” Saying the case could take years until it’s resolved.
The publish SBF reportedly recordsdata new bail utility within the Bahamas Supreme Courtroom first appeared on BTC Wires.
