FTX News: US DOJ Proposes Bail Restrictions For Sam Bankman-Fried
FTX News: Former FTX founder Sam Bankman-Fried to get a new phone and a laptop with special features from the U.S. authorities. The mobile will be a flip phone or a “non-smartphone” and a laptop with limited internet access or access to only whitelisted websites as part of new bail restrictions.
According to a letter sent to Judge Lewis Kaplan late Friday, the U.S. Department of Justice (DOJ) proposes limiting access to digital devices by Sam Bankman-Fried. The DOJ prosecutors earlier accused SBF of witnessing tampering after he used encrypted messaging apps and VPN to contact FTX employees and access other websites.
SBF will get a new flip phone with no internet, with functions restricted to SMS text messages and voice calls only. Moreover, a new laptop with limited internet capabilities or access to only whitelisted websites. All details on the phone and laptop including serial numbers, IMEI number, MAC address, and IP address will be provided to the court and the government.
The filing states access to 10 websites to prepare for his defense. Also, 23 websites such as news websites, Netflix, Spotify, Doordash, Uber Eats, Amazon, Major League Baseball, and the National Football League.
SBF’s mother and father are required to provide details on their devices to the court and the DOJ to prevent conflicts of interest.
FTX News: Prior Restriction on Sam Bankman-Fried Remains Unchanged
Other restrictions agreed upon by the court earlier remain intact. This includes forbidding SBF from communicating with FTX employees and immediate family members unless a counsel is present. Also, the use of any encrypted messaging apps and personal VPNs are prohibited.
GoinGape earlier reported that Sam Bankman-Fried has proposed two technical consultants to help the judge determine appropriate bail conditions. He named former FBI Edward Stroz and digital forensics consultant Michael McGowan in the court filing this week.
SBF is currently on a bond set at $250 million and his trial is scheduled on October 2. As of now, Bankman-Fried has pleaded not guilty to all counts of charges.
Also Read: Tether Refutes WSJ Report On Using Fake Documents To Gain Banking Access
- XRP’s DeFi Utility Expands as Flare Introduces Modular Lending for XRP
- Why Michael Saylor Still Says Buy Bitcoin and Hold?
- Crypto ETF News: BNB Gets Institutional Boost as Binance Coin Replaces Cardano In Grayscale’s GDLC Fund
- Fed Rate Cut: Fed’s Barkin Signals Support for Rate Pause Amid Inflation Concerns
- Dogecoin Price Pumps As Investors React to Elon Musk’s DOGE Moon Mission Post
- XRP Price Risks Slide to $1 Amid Slumping XRPL Metrics and Burn Rate
- Gold and Silver Prices Turn Parabolic in One Day: Will Bitcoin Mirror the Move?
- Cardano Price Prediction as the Planned CME’s ADA Futures Launch Nears
- HYPE Price Outlook After Hyperliquid’s HIP-4 Rollout Sparks Prediction-Style Trading Boom
- Top 3 Meme coin Price Prediction: Dogecoin, Shiba Inu And MemeCore Ahead of Market Recovery
- Here’s Why Pi Network Price Just Hit an All-Time Low














