Former FTX CEO Sam “SBF” Bankman-Fried will remain in jail at least until the start of his Oct. 3 criminal trial following an order from a federal judge.
In a Sept. 28 hearing in the United States District Court for the Southern District of New York, Judge Lewis Kaplan denied a motion from SBF’s legal team requesting the former FTX CEO be given temporary release in order to prepare for his trial. Bankman-Fried’s lawmakers had made repeated attempts to argue for release since Kaplan revoked his bail on Aug. 11 due to allegations of witness intimidation. The matter twice went to an appellate court without success for SBF’s team.