ex-FTX boss Sam Bankman-Fried returned to prison after parole revoked

by time news

2023-08-11 22:06:03

By Le Figaro with AFP

Posted 25 minutes ago, Updated 24 minutes ago

L’ancien patron de FTX, Sam Bankman-Fried. EDUARDO MUNOZ / REUTERS

A federal judge ruled on Friday that Sam Bankman-Fried had violated the rules of his parole.

The former boss of the FTX cryptocurrency exchange, Sam Bankman-Fried, was returned to prison on Friday by a federal judge in New York who found that he had violated the rules of his parole.

Pending his trial, he had been placed under house arrest with his parents in California after the payment of a bail of 250 million dollars. He pleaded not guilty to all counts, including fraud and criminal association, brought against him over the months.

More information to come…

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