U.S. District Judge Lewis A. Kaplan said he would revoke Sam Bankman-Fried's $250M bail package, Bloomberg reported Friday, resulting in the founder of cryptocurrency exchange FTX ( FTT-USD ) being taken into custody. Since last December, SBF, who has been accused of defrauding FTX customers and investors, has lived in his parents' home in Palo Alto, California, under house arrest. He has pleaded not guilty to all the illicit activities he was accused of. Kaplan made the order to end SBF's bail at a hearing in Manhattan on Friday afternoon, after accusing him of tampering with witnesses, the article said . Specifically, SBF allegedly leaked documents to discredit Caroline Ellison, the ex-CEO of FTX's failed sister firm Alameda Research who has been cooperating with government since December. She is expected to be a key witness for the prosecution. SBF's lawyers was said to have filed an appeal against the judge's ruling and requested a stay on the decision, which Kaplan denied. More on Bankman-Fried and FTX: FTX debtors get green light for customer bar date of September 29 FTX team makes progress in securing assets, recovering $7B so far Sam Bankman-Fried urges judge to dismiss most criminal charges
