FTX founder Sam Bankman-Fried returns to New York as prosecutors push for his incarceration

FTX founder Sam Bankman-Fried is returning to New York City for a court hearing Friday that could decide whether the fallen cryptocurrency wiz must go to jail while he awaits trial.

Prosecutors have asked a judge to revoke Bankman-Fried’s bail, claiming he tried to harass a key witness in his fraud case. His lawyers insist he shouldn’t be jailed for trying to protect his reputation against a barrage of unfavorable news stories.