Judge warns Sam Bankman-Fried to ‘take it seriously’ as prosecutors push to revoke bail: Report

A federal choose overseeing the legal case in opposition to Sam Bankman-Fried, also called “SBF,” will reportedly think about revoking the previous FTX CEO’s $250 million bail primarily based on allegations of intimidation in opposition to Caroline Ellison. 

In a July 26 listening to in United States District Court docket for the Southern District of New York, people on web site reported Assistant U.S. Legal professional Danielle Sassoon requested the revocation of SBF’s bail primarily based on allegations he used his freedom to intimidate Ellison, his former romantic companion and colleague. In keeping with Sassoon, SBF made roughly 100 calls to a reporter behind The New York Occasions story that revealed Ellison’s non-public on-line journals.

Decide Lewis Kaplan will reportedly settle for filings from the U.S. authorities on July 28 and from SBF’s authorized group on Aug. 3, warning Bankman-Fried “higher take it significantly.” Since his arrest and indictment in December 2022, the previous FTX CEO has returned to courtroom a number of instances to handle points associated to his bail circumstances, which largely require him to remain in his dad and mom’ California house. He’s already barred from utilizing messaging apps, digital non-public networks and sure expertise.

SBF’s lawyer: We’ll reply by Aug 1.
Decide Kaplan: Reply August 3. I will docket the order. I’m conscious of the First Modification, and of the federal government’s curiosity. Mr. Bankman-Fried, you higher take it significantly too.
Adjourned – story quickly on https://t.co/mmos6LonY0

— Interior Metropolis Press (@innercitypress) July 26, 2023

Associated: SBF’s internal circle acquired $3.2B, primarily from Alameda: Court docket filings

In response to the Division of Justice’s July 20 criticism alleging SBF tried to intervene with a good trial by publicly discrediting Ellison, his authorized group argued Kaplan ought to embrace potential witnesses in any gag order, together with present FTX CEO John Ray. Since FTX filed for chapter in November 2022, Ray has usually spoken to completely different media retailers on a wide range of subjects associated to the failed alternate.

Bankman-Fried’s first legal trial is scheduled to start on Oct. 2, however he’ll doubtless seem in a separate trial beginning in March 2024. The previous FTX CEO has pleaded not responsible to all fees.

Journal: Are you able to belief crypto exchanges after the collapse of FTX?