It's Friday, August 11, and I am in front of the Southern District of New York Courthouse

in Lower Manhattan.

That's our colleague, Caitlin Ostroff.

She was covering a court hearing for Sam Bankman-Freebe, the embattled founder of the crypto-exchange

FTX.

I'm surrounded by a bunch of media who are basically just situated in front of the

doors, waiting for Sam to enter the building and possibly exit, we'll find out.

This hearing was one of several that have happened since he was arrested last December.

One of the most powerful people in the cryptocurrency industry, Sam Bankman-Freebe, arrested overnight

in the Bahamas.

This arrest is really the first concrete move by regulators to hold someone accountable

for the multi-billion-dollar implosion of FTX, Sam Bankman-Freebe, the federal charges

just unsealed they include wire fraud, securities fraud, and intent to defraud the United States

government.

Bankman-Freebe, also known as SBF, is facing seven charges of fraud for his role in FTX's

collapse.

He has pleaded not guilty.

While awaiting trial, he's been living with his parents under house arrest in Palo Alto,

California, under strict conditions.

His movements, internet use, and communications are all restricted, and prosecutors accused

him of violating those conditions.

Last week, in a Manhattan courtroom, the judge agreed.

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