All posts tagged: loosening

SBF’s handcuffs aren’t loosening up anytime soon

SBF’s handcuffs aren’t loosening up anytime soon

Welcome back to Chain Reaction. If you’re reading this, I’m willing to bet you probably weren’t arrested this week and are now sitting in a Bahamian jail. But, you know who was arrested and is sitting in a Bahamian jail right now? Yep, FTX’s former CEO, Sam Bankman-Fried. Seems like the majority of the headlines have been on SBF and FTX lately — and for good reason. This week’s chatter was surrounded by his anticipated testimony at the U.S. House Financial Services Committee’s hearing on FTX’s collapse, which he never spoke at because he was arrested the night before. After being denied bail, SBF is being held in the Bahamas Department of Correctional Services in the prison’s max security infirmary with five other inmates in a “dorm-style setting,” according to The Nassau Guardian. And don’t worry, Bahamas’ acting commissioner of corrections Doan Cleare said SBF is in “good spirits” and that the prison is no longer infested with rodents. Now we can all sleep soundly tonight. If someone forwarded you this message, you can subscribe …