LeadStory
Crime, Law & OrderCourtCrypto

CNBC

Bankman-Fried to remain behind bars

CNBC ·
CNBC
CNBC

Sam Bankman-Fried has been denied bail after facing court in the Bahamas, after he was deemed by the judge to be a 'great' flight risk. The former FTX CEO, who was arrested on Monday, lowered his head and hugged his parents after the magistrate judge remanded the thirty year old in custody. Bankman-Fried will now remain behind bars until at least February next year.

SEE THE FULL STORY

Crypto Fallout

Leading platform FTX has filed for bankruptcy as crypto prices fall below 2017 prices.