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Former FTX CEO Sam Bankman-Fried, also known as SBF, lost an initial appeal to return to being free on bail prior to his criminal trial.<\/p>\n
In a Sept. 6 filing in the United States Court of Appeals for the Second Circuit, Clerk of Court Catherine O\u2019Hagan Wolfe said a circuit judge had denied a motion from SBF\u2019s legal team requesting his immediate release from the Metropolitan Detention Center in Brooklyn. The former FTX CEO\u2019s lawyers had petitioned the court<\/a> for temporary release, claiming the current measures aimed at allowing SBF to help prepare for his defense at trial were inadequate due in part to limited internet access.<\/p>\n \u201cThe motion for pretrial release is referred to the next available three-judge panel,\u201d said Wolfe. \u201cTo the extent Appellant requests his immediate release pending decision by the three-judge panel, that request is denied.\u201d<\/p>\n Following his extradition from the Bahamas and arraignment in the U.S. in December 2022, Bankman-Fried had been free on a $250-million bond and largely confined to his parents\u2019 California home. However, a federal judge revoked his bail on Aug. 11 following allegations of witness intimidation toward former Alameda Research CEO Caroline Ellison, with whom SBF shared a personal and professional relationship. <\/p>\n Related: <\/em><\/strong>Sam Bankman-Fried appeal against bail revocation \u2018meritless\u2019: Prosecutors<\/em><\/strong><\/a><\/p>\n