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

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.