Fallen crypto giant Sam Bankman-Fried will be remanded in custody in the Bahamas in a prison that was described in 2019 as ‘not being fit for humanity.’
On Tuesday, a judge in Nassau ordered that the FTX founder be held without bail while he fights extradition to the United States on a range of charges that include securities and wire fraud.
SBF, 30, had argued that he should be granted a $250,000 bail and house arrest because of his veganism, depression and dependency on medication.
Instead, Chief Magistrate Joyann Ferguson-Pratt ordered that SBF must spend the next two months at the Bahamas’ infamous Fox Hill prison, known for its rodent infestations, violence and the mixing of children with adult prisoners, before his next court appearance on February 8.
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‘Enforcement 40’ for 2020
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