Bankman-Fried to remain behind bars

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.