Justice demands that Bankman-Fried be jailed until his criminal trial begins

Justice demands that Bankman-Fried be jailed until his criminal trial begins Cryptocurrencies

Prosecutor Danielle Sassoon told U.S. District Judge Lewis Kaplan at a hearing in Manhattan federal court that the former crypto CEO has had over 1,000 phone calls with journalists. But last week, the DoJ filed a complaint against Bankman-Fried accusing him of leaking the private diary of former Alameda CEO Caroline Ellison in an effort to discredit her as a witness.

“This latest incident is an escalation of an ongoing campaign with the press that has now crossed a line,” Sassoon said of the Ellison article. “No set of release conditions can ensure the safety of the community.” Bankman-Fried’s lawyer Mark Cohen told Judge Kaplan that his client was merely trying to protect his reputation, and that it"really would be almost impossible" to prepare for the upcoming trial if his client were jailed. Cohen asked that the judge “deny the application and put forth an order, however strict the court determines is required, so we can just put this issue behind us.”

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