FTX founder Bankman-Fried living on bread and water, lawyer says

1 year ago 19

FTX cryptocurrency speech   laminitis  Sam Bankman-Fried, wearing situation  clothing, stands betwixt  his attorneys Mark Cohen and Christian Everdell successful  Manhattan national  court.Image source, Reuters

Image caption,

Sam Bankman-Fried was led into tribunal wearing limb restraints and a beige-coloured uniform

By Mariko Oi

Business reporter

Sam Bankman-Fried, the laminitis of collapsed cryptocurrency speech FTX, is "subsisting connected breadstuff and water" successful prison, according to his lawyer.

The situation helium is being held successful up of his proceedings has not provided a vegan fare helium requested, his lawyer says.

Last year, Mr Bankman-Fried was charged with fraud aft the nonaccomplishment of FTX.

During the tribunal proceeding successful New York connected Tuesday Mr Bankman-Fried pleaded not blameworthy to 7 transgression charges contained successful a caller indictment.

The erstwhile billionaire's lawyer, Mark Cohen, said a deficiency of capable nutrient was hampering his client's quality to hole for his trial, which is scheduled to commencement successful October.

Mr Cohen besides said Mr Bankman-Fried had not been provided with the attraction shortage hyperactive upset (ADHD) cause Adderall and that his proviso of the medicine Emsam to dainty slump was moving low.

Magistrate Judge Sarah Netburn said she would inquire the US Justice Department's Bureau of Prisons, which runs the jail, to code the issues with Mr Bankman-Fried's medication.

She was "reasonably confident" the installation offered vegetarian food, but was not definite whether vegan nutrient was available, Judge Netburn added.

The Bureau of Prisons said successful a connection that inmates had entree to "appropriate" healthcare, medicine and blistery meals.

Mr Bankman-Fried was led into tribunal wearing limb restraints and a beige situation uniform.

It was his archetypal quality since his bail was revoked connected 11 August, aft US District Judge Lewis Kaplan recovered helium had tampered with witnesses astatine slightest twice.

The caller indictment charged Mr Bankman-Fried with 7 counts of fraud and conspiracy implicit the illness of FTX successful November 2022.

However, it nary longer charges him with conspiring to interruption US run concern laws.

He pleaded not blameworthy to the charges.

Mr Bankman-Fried has acknowledged that FTX had inadequate hazard absorption but has denied stealing the funds.

FTX was erstwhile the world's 2nd largest cryptocurrency speech and valued astatine $32bn (£25bn).

It filed for bankruptcy extortion connected 11 November, which sent shockwaves done the cryptocurrency market.

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