Bankman-Fried denied bail, remanded to custody in the Bahamas: Reuters

<span class="acf-media-credit"><span class="acf-credit"><span class="acf-credit"><a href="theblock.co" target="_blank">The Block</a></span></span></span>
Quick Take
- Sam Bankman-Fried was denied bail and remanded to the custody of the Bahamas Department of Corrections, Reuters said.
Advertisement
Sam Bankman-Fried is headed to jail after a magistrate judge in the Bahamas denied his bail application and remanded him to the Department of Corrections, Reuters said.
The disgraced former CEO of FTX was was deemed a flight risk and will be held until at least Feb. 8 when "the matter resumes."
Bankman-Fried was slapped with a bevy of charges from the U.S. Department of Justice, Securities and Exchange Commission and the Commodities Futures Trading Commission earlier in the day after being arrested last night.

