Judge Says FTX Founder’s Bail Terms Too Loose

U.S. District Judge Lewis Kaplan remains concerned about the terms of a March 10 bail request for former FTX founder Sam Bankman-Fried, Reuters reported.

As tweeted by Reuters, Kaplan repeated the suggestion at a meeting on March 10, claiming that Bankman-Fried was “creative” to find ways to circumvent restrictions and discreetly communicate with others online. method of contact.

“He could find a way around it and conceivably not get caught,” Kaplan said.

SBF’s attorney, Christian Everdell, told the court he would work with the prosecution on a new plan to address the judge’s concerns.

Frequent Changes to FTX Founder’s Bail Conditions

The U.S. Department of Justice has proposed new bail criteria for former FTX CEO Sam Bankman-Fried, according to a court document filed on March 3 and previously reported by TheCoinRise.

Federal Judge Lewis Kaplan, who is presiding over the SBF criminal fraud case, recommended that Bankman-Fried be barred from using any device that allows voice and chat contact. According to the proposal, “flip phones or other non-smartphones without or with Internet capabilities disabled” are his only viable communication options.

Notably, the current temporary bail restrictions prohibit the use of VPNs, any crypto currency or short call or chat services, and all contact or interaction with former or current FTX or Alameda Research personnel, except in the presence of legal representatives.

Prosecutors had previously requested changes to SBF’s bail conditions because the fact that he interacted with one of the witnesses via cryptocurrency was crucial. Prosecutors feared that if the former CEO had access to witnesses, he could manipulate their testimony.

Additionally, Kaplan ordered the release of documents detailing the names of sureties who co-signed Bankman-Fried’s $250 million bail following requests from multiple media outlets.

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