Dec 15 (Reuters) – Former FTX CEO Sam Bankman-Fried has made a bail software earlier than The Bahamas Supreme Court docket, a supply accustomed to the matter stated on Thursday, after a Justice of the Peace choose on Tuesday rejected the previous crypto mogul’s request for bail.
Bankman-Fried was remanded to a Bahamas detention heart after Chief Justice of the Peace JoyAnn Ferguson-Pratt rejected his request to stay at residence whereas he awaits for a listening to on his extradition to america, the place he has been charged with monetary crimes.
The supply, who requested to not be recognized, stated the appliance was made on Thursday.
Bahamas broadcaster Eyewitness Information on Thursday reported that the Supreme Court docket would hear the bail software on Jan. 17, with out citing sources.
U.S. prosecutors say Bankman-Fried engaged in a scheme to defraud FTX’s clients by misappropriating their deposits to pay for bills and money owed and to make investments on behalf of his crypto hedge fund, Alameda Analysis LLC.
Bankman-Fried amassed a fortune valued over $20 billion as he rode a cryptocurrency increase to construct FTX into one of many world’s largest exchanges earlier than it abruptly collapsed this 12 months.
Reporting by Jasper Ward in Washington, enhancing by Deepa Babington
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