FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him

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FTX founder Bankman-Fried objects to tighter bail, says prosecutors ‘sandbagged’ him
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Bankman-Fried, 30, has been free on $250 million bond since pleading not guilty to charges of fraud in the looting of billions of dollars from the now-bankrupt FTX

Prosecutors said their request was in response to Bankman-Fried’s recent effort to contact a potential witness against him, the general counsel of an FTX affiliate, and was needed to prevent witness tampering and other obstruction of justice.

“Rather than wait for any response from the defense, the government sandbagged the process, filing this letter at 6:00 p.m. on Friday evening,” Bankman-Fried’s lawyers wrote. “The government apparently believes that a one-sided presentation - spun to put our client in the worst possible light - is the best way to get the outcome it seeks.”

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