Increased difficulty sends SBF back to Jail

By Yugocean | Crypto Champion | 12 Aug 2023


     Accepting the DoJ's appeal in the FTX case, Judge Lewis Kaplan's court revoked SBF's bail and put him back behind bars.


Caroline's diary leak increased the difficulty

     SBF had a difficult time getting bail, but Caroline Ellision's diary leak caused him to be served the gag order. Because of political pressure, the DoJ dropped the campaign financing charges against SBF, but Caroline Ellision event prompted the DoJ to argue against SBF's bail for defaming a government witness.


John Ray III increasing difficulty for SBF

     SBF created and destroyed FTX, now FTX's new leadership under John Ray III is also attempting to get rid of SBF. The new management is unable to rename the firm to win the trust back; so they are just trying to lebel SBF as real scammer, leave him in the US, and review FTX2.0 in Dubai.


Authorities are also increasing difficulty for SBF

     Federal Judge Kaplan granted conditional bail, and he does not believe SBF is adhering to it. SBF's trial will continue on October 2. As the US presidential election is getting closer, which might put the Democrats in jeopardy (for taking scam money), political pressure is increasing the challenge for SBF

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Yugocean
Yugocean

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Crypto Champion
Crypto Champion

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