Federal prosecutors requested FTX founder and former CEO Sam Bankman-Fried be detained on Wednesday, shifting their request at the last minute.

Previously, federal prosecutors wanted Bankman-Fried’s bail restrictions tightened, barring him from making extrajudicial statements. But FBI agents were present Wednesday in Manhattan federal court, prepared to take Bankman-Fried into custody.

“There are no set of conditions short of detention that could satisfy public safety,” federal prosecutor Danielle Sassoon said, adding Bankman-Fried’s latest actions “crossed the line.”

Wednesday’s hearing follows the disgraced crypto wunderkinds’ interactions with a reporter at the New York Times. An article published last week by the paper contained snippets of personal writings from Caroline Ellison, the former CEO of FTX’s sister company Alameda Research.

Bankman-Fried and Ellison dated at one point, and the article detailed how their breakup weighed on Ellison’s attitudes toward her job. The in-depth look at Ellison’s perspective from the helm of Alameda also said she didn’t feel “well suited” for the job.

Echoing

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Author: André Beganski

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