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Appeals Court Affirms Sam Bankman-Fried's Detention

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The U.S. Court of Appeals for the Second Circuit has upheld the detention of former FTX CEO Sam Bankman-Fried, denying his request for temporary release. Bankman-Fried's legal team had argued for his release, citing First Amendment concerns, but the court found these arguments unconvincing. He has been in custody since August, facing charges related to witness tampering and allegations of fraud involving misappropriation of customers' funds at FTX. The appeals court agreed with the previous court's decision, stating that there was probable cause to believe he attempted to tamper with witnesses unlawfully. Bankman-Fried's trial is set for October 3, and if convicted on all counts, he could face a lengthy prison sentence.