Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a Brooklyn jail so he could prepare better for his criminal trial, less than a month away, over the collapse of his FTX cryptocurrency exchange. In rejecting Bankman-Fried's request, the 2nd U.S. Circuit Court of Appeals in Manhattan nonetheless said it would ask the next available three-judge panel to consider it. A spokesman for Bankman-Fried declined to comment.
FILE PHOTO: Former FTX Chief Executive Bankman-Fried at a courthouse in New YorkNEW YORK - Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a Brooklyn jail so he could prepare better for his criminal trial, less than a month away, over the collapse of his FTX cryptocurrency exchange.
Bankman-Fried quickly appealed, arguing he would be unable to properly prepare for his scheduled Oct. 3 trial from behind bars. They pushed for Bankman-Fried to be jailed after he shared the personal writings of Caroline Ellison, Alameda's former chief executive and his onetime romantic partner, with a New York Times reporter.
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