FTX founder Sam Bankman-Fried denied bail
FTX’s Sam Bankman-Fried has been denied bail in the Bahamas. The disgraced crypto boss was not given bail by a judge on the Caribbean island after he was charged with "one of the biggest financial frauds in US history" on Tuesday (13.12.12). Gary Gensler, the chair of the Securities and Exchange Committee says the 30-year-old founder created "house of cards on a foundation of deception.” JoyAnn Ferguson-Pratt, the Bahamas Chief Magistrate denied releasing hm on bail, deeming him having a “great” risk of fleeing and ruled he be maintained on remand at a correctional facility until 8 February. I...