Sam Bankman-Fried on Tuesday lost a bid to be released from jail so he can better prepare for his Oct. 3 trial on fraud charges stemming from the collapse of his FTX cryptocurrency exchange, a court filing showed.
Bankman-Fried has said the conditions of his confinement at Brooklyn's Metropolitan Detention Center have made it impossible for him to adequately review prosecutors' evidence against him and help his lawyers build his defense case.
Ellison, the former chief executive of Bankman-Fried's Alameda Research hedge fund, has pleaded guilty to fraud charges over the November 2022 collapse of FTX and Alameda and is expected to testify against him at trial.
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