The FTX founder’s bail was revoked for leaking Caroline Ellison’s diary to the press, considered probable cause for witness tampering before his trial.
Sam Bankman-Fried was sent to jail on Friday following a hearing in which a federal judge determined there was probable cause that he had tampered with witnesses while on house arrest at his parents’ multimillion-dollar home in Palo Alto.
Judge Lewis Kaplan ordered the FTX founder’s bail revoked after prosecutors argued that he had harassed Caroline Ellison, his ex-girlfriend who served as his lieutenant in his allegedly fraudulent crypto empire. In July, Bankman-Fried shared her diary with a New York Times reporter, revealing that she had doubts about the “leadership” of the FTX-affiliated hedge fund Alameda, where she worked.
