🚨 Update: Lawyers have requested bail after Bankman-Fried's arrest pending extradition request by U.S. authorities.
on Dec. 12 pending extradition request by U.S. authorities. The move comes after presiding judge Chief Magistrate JoyAnn Ferguson-Pratt stated earlier today that SBF had the right to request bail.
In supporting the application, the defense counsel for SBF argued that the 30-year-old crypto executive suffered from"depression" and"insomnia," does not possess a criminal record, and did not flee the Bahamas despite"ample opportunity" to do so. Counsel representing SBF also claimed that their client hasn't been taking medications, including"Adderall" and"anti-depressants" since his arrest.
Presiding judge JoyAnn Ferguson-Pratt denied SBF's bail application, highlighting his"risk of flight" and ordered the crypto executive to be held in custody at the Bahamas Department of Corrections until Feb. 8. The case has been adjourned to the said date.
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