Sam Bankman-Fried’s temporary release request denied as trial date looms
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Former FTX boss Sam Bankman-Fried is likely remain behind bars until his Oct. 3 trial commences after a United States District Court judge denied his request for temporary release.
On Sept. 12, District Judge Lewis Kaplan
Bankman-Fried had a chance to request for the Oct. 3 trial date to be postponed but no request was made, Kaplan noted.
The former FTX CEO faces 12 criminal charges across two separate trials, with the second slated to commence on March 11, 2024. Bankman-Fried has pleaded not guilty to all counts.
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