FTX’s Sam Bankman-Fried headed for jail after judge revokes bail

A US judge on Friday revoked Sam Bankman-Fried’s bail, after finding probable cause that the indicted founder of the bankrupt FTX cryptocurrency exchange tampered with witnesses at least twice.

US District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial.

He rejected a defense request to delay Bankman-Fried’s detention pending appeal of the bail revocation.