Sam Bankman-Fried: Former billionaire headed to jail after bail revoked
A judge in New York has revoked the bail of Sam Bankman-Fried, the former boss of the collapsed cryptocurrency exchange, FTX.
A judge in New York has revoked the bail of Sam Bankman-Fried, the former boss of the collapsed cryptocurrency exchange, FTX.
He will now remain in jail until his trial in October.
Reports from the courtroom say Mr Bankman-Fried handed his blazer, tie and shoelaces to his lawyers and was then handcuffed by U.S. Marshals.
Vivienne Nunis is joined by Peter Ryan, ABC Australia's senior business correspondent, from Sydney, and Jennifer Pak, China correspondent for Marketplace in Shanghai.
(Picture: NEW YORK, USA - AUGUST 11: FTX Founder Sam Bankman-Fried arrives in Manhattan Federal Court to appear in court in New York, United States on August 11, 2023. Picture Credit: Getty Images).
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