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Former FTX CEO Sam Bankman-Fried Remains in Custody as Appeals Court Denies Release Request

Sam Bankman-Fried, the former CEO of FTX, has been denied temporary release by the US Court of Appeals for the Second Circuit. Bankman-Fried's legal team had argued for his release on First Amendment grounds, but the court rejected their arguments. Bankman-Fried is facing charges of witness tampering and fraud, and his trial is set to begin on October 3. If convicted, he could face a prison sentence of over 100 years.

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