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May 31, 2025  |  
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Zachary Halaschak, Economics Reporter


NextImg:FTX's Sam Bankman-Fried has bail revoked and is headed to jail


Embattled FTX founder Sam Bankman-Fried has had his bail revoked and will be placed back under arrest.

INFLATION COMPLICATES BIDEN'S PATH BACK TO THE WHITE HOUSE

Judge Lewis Kaplan of the District Court for the Southern District of New York reportedly ordered the 31-year-old's bail be revoked on Friday over accusations that he attempted to intimidate witnesses. Bankman-Fried was arrested last year on fraud allegations stemming from his management of the cryptocurrency exchange FTX, which suddenly collapsed in 2022.

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This story is breaking and will be updated.