Bankman-Fried seeks bail in Bahamas magistrate court

Sam Bankman-Fried, who founded and led FTX, arrested in Nassau
An exterior view shows the Magistrate Court building where Sam Bankman-Fried will appear before the Chief Magistrate today. Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy last month, was arrested after being criminally charged by U.S. prosecutors, in Nassau, Bahamas December 13, 2022. REUTERS/Dante Carrer

NASSAU, Dec 13 (Reuters) - Former FTX CEO Sam Bankman-Fried's lawyer on Tuesday requested bail for the one-time crypto magnate after Chief Magistrate JoyAnn Ferguson-Pratt ruled that Bankman-Fried had the right to apply for it.

Reporting by Jared Higgs in Nassau

Our Standards: The Thomson Reuters Trust Principles.