FTX founder Sam Bankman-Fried had his bail revoked on Friday over alleged witness tampering.
The crypto tycoon will now have to report to jail.
Sam Bankman-Fried had his bail revoked by a federal judge on Friday over his alleged tampering with witnesses in his fraud case.
US District Judge Lewis A. Kaplan said the embattled crypto tycoon who co-founded FTX could no longer be held under house arrest at his parent's home.
"Nonviolent witness tampering and obstruction poses a danger to the community and the risk of such activities would support pretrial detention," Judge Kaplan said at a hearing on Friday, according to Courthouse News' Josh Russell.
Persons:
Sam Bankman, Fried, He'll, Lewis A, Kaplan, Judge Kaplan, Josh Russell
Organizations:
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