Read more below ⬇️

FTX founder is Sam Bankman-Fried? The FTX founder arrested in Bahamas

Sign up to our free morning US email news bulletin


I would like to be emailed about offers, events and updates from The Independent. Read our privacy notice

FTX founder Sam Bankman-Fried was heading to jail on Friday after a federal judge revoked his bail for attempting to tamper with witnesses in his upcoming fraud trial.

US District Judge Lewis Kaplan ordered Mr Bankman-Fried be detained after finding probable cause that he had harassed his former girlfriend and FTX executive Carline Ellison when he shared her private journals with the New York Times.

he 31-year-old former cryptocurrency billionaire’s lawyers immediately filed an appeal against the incarceration order, according to the Associated Press.

If the appeals fail, he will remain locked up until his trial begins in Manhattan on 2 October.

Mr Bankman-Fried had been under house arrest on $250m bail at his parents home in Palo Alto since he was extradited from the Bahamas last December on charges of defrauding investors of billions of dollars in his failed FTX cryptocurrency exchange.