Sam Bankman-Fried, founder and former CEO of cryptocurrency exchange FTX, was ordered to head to jail after a judge revoked his bail. The reason: alleged witness tampering.
Ahead of his trial, scheduled to begin on Oct. 2, Bankman-Fried has been living with his parents in their Palo Alto home under house arrest.
Some of the alleged witness tampering involved his ex-girlfriend, Carline Ellison. She is the former head of Alameda Research, which Bankman-Fried co-funded. Prosecutors accused Bankman-Fried of leaking private entries from her diary.
With Ellison having already pleaded guilty to fraud charges, and likely set to become one of the witnesses who will take the stand to testify against Bankman-Fried, prosecutors said there is “probable cause to believe” Bankman-Fried “has attempted to tamper with witnesses at least twice,” U.S.