Bahamian Judge Denies Request for SBF to be Released on $250,000 Bail

Dec 14,2022
KingData News: According to Reuters, FTX founder and former CEO Sam Bankman-Fried (SBF) was arrested yesterday after his attorney requested $250,000 bail for his release. A Bahamian magistrate judge denied FTX founder SBF's request for bail, saying SBF should remain in custody in the Bahamas until February 8, 2023, and Judge Joyann Ferguson-Pratt ordered an extradition hearing for next February 8, 2023, at 10:00 a.m. EST.
A financial document disclosed in the media indicates that SBF's Alameda Research has a capital debt situation, with nearly half of its holdings related to FTT and Solana. On November 6, 2022, CZ stated that due to recent revelations, Binance will sell all FTT on its books. This indicator broadcasts updates on FTX-related events.
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