The proposal restricts Sam Bankman-Frieds communication to a flip phone or another non-smartphone device without internet access. 4206 Total views 42 Total shares Listen to article 0:00 News Own this piece of history
Collect this article as an NFT The United States Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing on March 3shows.
According to the proposal submitted to Lewis Kaplan, the U.S. district judge serving on the United States District Court for the Southern District of New York, Bankman-Fried should be prohibited from using smartphones, tablets, computers and any video game platforms or devices that allow chat and voice communication. The proposal restricts his communication to a flip phone or other non-smartphone with either no internet capabilities or internet capabilities disabled.
The document by attorney Damian Williams on behalf of parties also requests that the temporary bail conditions recently imposed should be made permanent. The plan is believed to have been negotiated with SBFs defense team, which wasrequested to submit a proposal by March 3.
The temporary terms include no contact or communication with current or former employees of FTX or Alameda Research, except in the presence of counsel, along with a prohibition of using any encrypted or ephemeral call or messaging application, as well as a virtual private network or VPN.
Bankman-Frieds access to websites would also be restricted to a whitelist of pre-approved pages, which includes YouTube, Wikipedia, Etherscan, NFL, DoorDash, Netflix and government websites among others. Under the proposed terms, the former FTX CEO will also be allowed to visit news websites, including Cointelegraph.
Furthermore, security softwar to log his online activity. In addition, the proposal notes that:??Fifth, the defendant will not object to the installation of court-authorized pen registers on his phone number, Gmail account, and internet service. Those pen register orders will be sought by the Government and maintained by the Federal Bureau of Investigation.
Bankman-Frieds $250 million bail has been under scrutiny since Feb. 9, after he wasfound to have contacted potential witnesses on his case. He was also temporarilybanned from using a VPN after prosecutors accused him of using it on two occasions, on Jan. 29 and Feb. 12.
The courtunsealed a superseding indictment against Bankman-Fried on Feb. 22 containing 12 criminal counts, including eight conspiracy charges related to fraud, and four wire and securities fraud charges. #Business #Bankruptcy #Court #Sam Bankman-Fried #FTX
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