Sam Bankman-Fried’s Request for a Temporary Release From Jail is Denied

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Last Updated on September 29, 2023 by Bitfinsider

According to various sources, former FTX CEO Sam Bankman-Fried failed a new appeal to be released from prison ahead of his trial next week.

Bankman-Fried’s attorneys had requested a temporary release from a New York district court judge on Monday, stating that it was “necessary for the preparation of his defence.”

“We submit that we are finding it exceedingly difficult as a practical matter to adequately prepare for trial with the restrictions on access currently in place,” his attorneys stated. “This is not a point we make lightly but it is the reality of the nature of this case.”

In a letter to Judge Lewis Kaplan on Wednesday, prosecutors argued that Bankman-Fried’s request for parole should be denied.

Prosecutors stated Bankman-Fried had resources before being imprisoned in August.

“Many of the accommodations provided by the MDC and the BOP —including the use of two personal airgapped computers in different locations for added convenience and the MDC’s hand-receipt and delivery of hard-drive materials to the defendant—are accommodations beyond those accorded to most detainees,” they stated.

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