FTX founder Sam Bankman-Fried doesn't deserve to be jailed ahead of trial, lawyers argue

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FTX founder Sam Bankman-Fried doesn't deserve to be jailed ahead of trial, lawyers argue
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Lawyers for FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on...

NEW YORK — Lawyers for FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on “innuendo, speculation, and scant facts.”

The written submission in Manhattan federal court was a response to the prosecution’s claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. It was at that hearing that a prosecutor surprised defense lawyers with the request that their client’s bail be revoked on the grounds that he gave personal writings of a key witness against him to a reporter for The New York Times in an effort to cast her in a bad light and influence potential trial jurors.

In their filing Tuesday, Bankman-Fried’s attorneys said their client was merely defending his reputation in responding to the reporter who had gathered information elsewhere for his article. They said it was his First Amendment right to speak with reporters when so many articles reflect negatively on him.

Last week, prosecutors said bail should be revoked in part because Bankman-Fried had tried to interfere with a witness in January when he sent an encrypted message over a texting app to a top FTX lawyer, saying he “would really love to reconnect and see if there’s a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.”

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