Despite recent attempts to secure his release for optimal trial preparation, the Manhattan Court of Appeals has decided to keep Sam Bankman-Fried, also known as SBF, in custody.
Bankman-Fried Grapples with Custody Challenges
On Wednesday, September 6, 2023, the U.S. Court of Appeals for the Second Circuit in Manhattan denied Bankman-Fried’s request for release from Brooklyn Prison, even with his trial looming in the coming weeks.
Contrary to his repeated efforts to secure his release for better trial preparation, the Manhattan Court of Appeals has opted to keep him detained. His legal team has questioned the conditions of his detention, arguing that they hinder his ability to prepare adequately for the trial.
A recent report from his defense team reveals that the existing agreement—meant to allow him to study evidence for several hours a day on a laptop in Brooklyn—has proven to be insufficient. The Court of Appeals did note, however, that a panel of three judges would soon reconsider his request for release.
The situation surrounding Bankman-Fried is far from straightforward. Questions still linger, particularly concerning the disclosure of private information about his former partner, Caroline Ellison, to the media. With Ellison potentially testifying at the trial, the stakes for SBF could escalate even further.
As a journalist at Coinpri, I’ve been captivated by the world of bitcoin and blockchain since 2020. The decentralized aspect of Bitcoin particularly piqued my interest. Since then, I’ve been working constantly to spread my knowledge, hoping one day to see a world where everyone fully enjoys their financial freedom.
