Sam Bankman-Fried, a prominent entrepreneur in the digital currency space, has been reportedly sentenced to jail for witness tampering. He plead guilty to the crime following an investigation by the Department of Justice.
Lawyers for Sam Bankman-Fried, a cryptocurrency entrepreneur, have called the basis for revoking his bail “extremely thin” after he was detained on suspicion of stock market manipulation.
The Department of Justice has declared that Sam Bankman-Fried risks influencing potential witnesses unless he is immediately jailed prior to trial. This is seen as necessary to ensure the fairness of the proceedings.