FTX founder Sam Bankman-Fried has been sent to jail after a bail hearing in New York City. Federal Judge Lewis A. Kaplan issued the order Friday. Prosecutors pushed for his incarceration. His lawyers insisted he shouldn't be jailed for trying to protect his reputation. The 31-year-old onetime crypto whiz has been living at his parent's California home since his December extradition from the Bahamas. He was staying at home to comply with a $250 million bail package severely restricting his internet and phone usage. Prosecutors say Bankman-Fried tried to harass a key government witness. His lawyers say he did not. The judge agreed that he had.
