Bankman-Fried was remanded to a Bahamas detention centre after Chief Magistrate JoyAnn Ferguson-Pratt rejected his request to remain at home while he awaits for a hearing on his extradition to the United States, where he has been charged with financial crimes.
The source, who asked not to be identified, said the application was made on Thursday.
Bahamas broadcaster Eyewitness News on Thursday reported that the Supreme Court would hear the bail application on January 17, without citing sources.
On Tuesday,
Bankman-Fried’s bail plea was rejected, hours after US prosecutors accused the 30-year-old of misappropriating billions of dollars and violating campaign laws in what has been described as one of America’s biggest financial frauds.
The former CEO of the collapsed cryptocurrency exchange, dressed in a blue suit without a tie, lowered his head and hugged his parents after the judge said his risk of flight was too “great” and ordered that he be sent to a Bahamas correctional facility until February 8.
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“He was arrested reference to various financial offences against laws of the United States, which are also offences against laws of the Commonwealth of The Bahamas,” statement from The Bahamas Police, adding he was taken into custody without incident and will appear in Nassau’s Magistrate Court on Tuesday.
US prosecutors say Bankman-Fried engaged in a scheme to defraud FTX’s customers by misappropriating their deposits to pay for expenses and debts and to make investments on behalf of his crypto hedge fund, Alameda Research LLC.
Bankman-Fried amassed a fortune valued over $20 billion as he rode a cryptocurrency boom to build FTX into one of the world’s largest exchanges before it abruptly collapsed this year.
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