FTX Founder Bankman-Fried Appeals Pretrial Detention Ruling
Consequently, this arises from charges related to the dramatic collapse of FTX in November 2022. Additionally, a notable point of contention has been Bankman-Fried’s decision to share the personal writings of his former associate and ex-romantic interest, Caroline Ellison, with a journalist from The New York Times. advertisement Defending Reputation or Witness Tampering? Bankman-Fried ‘s lawyers emphasize that the sharing of Ellison’s documents was aimed at protecting his tarnished reputation. Hence, they argue that a witness promising to testify against someone cannot be realistically threatened by a renowned newspaper’s publication of their own words. However, U.S. District Judge Lewis Kaplan had other views. On August 11, he revoked Bankman-Fried’s bail, suspecting witness tampering after the disclosures. Moreover, Ellison, formerly in a key position in Bankman-Fried’s circle, has pled guilty to fraud. Besides Ellison, two ot...