Former FTX CEO Sam Bankman-Fried sent to jail for witness tampering

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Former FTX CEO Sam Bankman-Fried sent to jail for witness tampering

Sam Bankman-Fried, the former CEO of FTX, had his bail revoked and was sent to jail Friday ahead of his October criminal trial for alleged witness tampering.

Federal prosecutors argued Bankman-Fried's bail should be revoked because he tampered with witnesses. Bankman-Fried appealed the order two days later.

During the hearing, federal prosecutors argued that Bankman-Fried used access to documents in a Google Drive meant for discovery to intimidate ex-girlfriend and Alameda Research CEO Caroline Ellison, who is a witness in Bankman-Fried's criminal case related to the collapse of FTX.

Bankman-Fried has been under house arrest since December because of his involvement in the collapse of the cryptocurrency exchange FTX and the mismanagement of customer funds.

As a result of Friday's hearing, he will be sent back to jail until his trial begins on Oct. 2. Bankman-Fried will be provided with a laptop or access to a desktop computer in order to prepare for his trial with his legal team.