FTX founder SBF_FTX's bail has been revoked by U.S. District Judge Kaplan due to credible witness tampering allegations
Based on findings, U.S. District Judge Lewis Kaplan concluded there exists credible evidence that Bankman-Fried was involved in witness tampering on multiple occasions, leading to the decision to revoke his bail.
Previously under house arrest in Palo Alto, California since the previous December, Bankman-Fried's situation was further complicated by a series of information leaks. Kaplan stated that a gag order wouldn't be a feasible solution in the long run, especially when it comes to someone who constantly challenges and tests the limits.
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