FTX's Bankman-Fried headed for jail over alleged witness tampering

NEW YORK, Aug 11 (Reuters) – Sam Bankman-Fried is heading to jail after a U.S judge on Friday revoked his bail, finding probable cause that the indicted founder of the bankrupt FTX cryptocurrency exchange tampered with witnesses at least twice.

U.S. District Judge Lewis Kaplan’s decision to jail the 31-year-old former billionaire ahead of his Oct. 2 fraud trial over FTX’s November 2022 collapse came after prosecutors said he had ” crossed a line ” by sharing private writings by former romantic partner Caroline Ellison with a New York Times reporter.

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By Donato