A U.S judge on Friday revoked Sam Bankman-Fried's bail, after finding probable cause that the indicted founder of the bankrupt FTX cryptocurrency exchange tampered with witnesses at least twice.

U.S. District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial.

He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation.

COULD COMPLICATE TRIAL PREPARATIONS

The decision could complicate Bankman-Fried's efforts to prepare for trial, where the 31-year-old former billionaire faces charges of having stolen billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund.... Read More: Newsmax