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Sam Bankman-Fried loses bid to get out of jail, appeals court will hear case

Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a Brooklyn jail so he could prepare better for his criminal trial, less than a month away, over the collapse of his FTX cryptocurrency exchange.

In rejecting Bankman-Fried’s request, the 2nd US Circuit Court of Appeals in Manhattan nonetheless said it would ask the next available three-judge panel to consider it.

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