1 year ago
Bahamas media reports that Sam Bankman-Fried lodged a caller bid for bail conscionable 2 days aft a justice denied his erstwhile exertion and called the FTX laminitis a formation risk.
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Sam Bankman-Fried, the jailed laminitis of bankrupt cryptocurrency speech FTX has reportedly filed a caller exertion for bail successful the Bahamas Supreme Court pursuing his erstwhile unsuccessful bail bid.
Local media connected Dec. 15 reported the laminitis submitted the exertion and that it would beryllium heard earlier the tribunal successful conscionable implicit 1 month's clip connected Jan. 17, 2023. However it did not mention immoderate sources.
Previously, connected Dec. 13, Bankman-Fried’s lawyers had argued for him to beryllium fto retired connected bail acceptable astatine $250,000 arsenic helium had nary anterior convictions and was suffering from slump and insomnia. The presiding judge denied bail calling the crypto enforcement a formation risk.
Bankman-Fried is remanded astatine Fox Hill Prison, the lone jailhouse successful the Bahamas. A 2021 United States State Department study said conditions astatine Fox Hill were “harsh” and overcrowded with mediocre aesculapian care, sanitation and nutrition. Correctional officers were alleged to physically maltreatment detainees.
Related: FTX Bahamas co-CEO Ryan Salame blew the whistle connected FTX and Sam Bankman-Fried
Extradition to the U.S. is connected the cards arsenic the Bahamian authorities has said it volition “promptly” process immoderate extradition petition arsenic the speech laminitis faces 8 charges including wealth laundering, ligament fraud, and securities fraud.
The slew of charges could spot Bankman-Fried onshore successful jailhouse for 115 years, but ineligible commentators have told Cointelegraph determination is simply a "lot to play out" saying the lawsuit could instrumentality years until it's resolved.
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