CoinDesk reported:
FTX founder and former CEO Sam Bankman-Fried will be remanded into custody after a Bahamas judge ruled Bankman-Fried should be denied bail. Bankman-Fried’s attorneys initially asked the judge to consider that he be released on $250,000 bail, arguing he needed to be able to regularly take medication, including Zyrtec, an over-the-counter allergy medication, and keep to his vegan diet. Prosecutors in the Bahamas argued that granting Bankman-Fried bail would go against a treaty with the U.S. that requires defendants to be held in custody pending extradition proceedings. Bankman-Fried told the judge he wouldn’t waive his right to fight the extradition effort, suggesting he may seek to remain in the Bahamas.