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Fortune

Leo Schwartz

A judge just froze Sam Bankman-Fried’s ability to access FTX and Alameda funds days after reports of transactions from crypto wallets previously associated with him

Sam Bankman-Fried FTX United States Crypto Mark Cohen Danielle Sassoon Lewis Kaplan Alameda Research

Sam Bankman-Fried leaving court (Credit: Stephanie Keith—Bloomberg/Getty Images)

Disgraced crypto founder Sam Bankman-Fried will be prohibited from accessing or transferring funds from his former crypto exchange, FTX, and its sister trading firm, Alameda Research, a judge ordered at his arraignment hearing today in Manhattan.

The decision comes days after blockchain researchers found that someone was transferring funds from crypto wallets associated with his trading firm, Alameda Research, that had been previously been associated with the founder.

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