US judge rejects bail proposal for FTX founder Sam Bankman-Fried

A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried’s bail conditions, despite an agreement between the FTX cryptocurrency exchange founder and prosecutors to address potential witness tampering concerns.

US District Judge Lewis Kaplan in Manhattan did not provide reasons for the denial, and said a hearing on bail remains scheduled for February 9.

A spokesman for Bankman-Fried declined to comment. The office of US Attorney Damian Williams in Manhattan also declined to comment.