🚨 FTX founder Sam Bankman-Fried loses bid for release from jail ahead of trial! Judge Lewis Kaplan ruled that Bankman-Fried did not make a persuasive argument for his release. With only three weeks left until the trial begins, time is running out for the FTX founder. ⏳

Key points:

- Judge Kaplan cited multiple reasons for his decision, including finding arguments about the time left before trial unpersuasive.

- The judge left the door open for a new motion that might be more persuasive, but timing may become an issue.

- The trial begins in just three weeks, and CoinDesk will cover each day of the trial with reporting direct from the courtroom.

What are your thoughts on this development? Share your opinions in the comments below! 👇