The US Department of Justice proposed new bail conditions for former FTX CEO Sam Bankman-Fried (SBF), a court filing on March 3. Offers.
According to the proposal to Louis Kaplan, a US District Judge serving in the United States District Court for the Southern District of New York, Bankman-Fried should be banned from using smartphones, tablets, computers and any video game platforms or devices that allow chat and voice communication. The proposal restricts its communication to “a flip phone or other smartphone with no or disabled Internet capabilities”.
Attorney Damien Williams’ document “On behalf of the Parties” also requests that the recently imposed temporary bail terms be permanent. The plan is believed to have been negotiated with the SBF defense team, which was asked to submit a proposal by 3 March.
The temporary terms do not include any contact or contact with current or former employees of FTX or Alameda Research, except in the presence of a consultant, along with a prohibition on the use of any encrypted or ephemeral call or messaging application, as well as a virtual private network or VPN.
Bankman-Fried’s access to websites will also be limited to a whitelist of pre-approved pages, which include YouTube, Wikipedia, Etherscan, NFL, DoorDash, Netflix, and government websites — among others. Under the proposed terms, the former FTX CEO would also be allowed to visit news websites, including Cointelegraph.
Moreover, the security software to record its online activity. In addition, the proposal states the following:
Fifth, the defendant will not object to the installation of court-authorized pen records on his phone number, Gmail account, and Internet service. Pen-record orders will be requested by the government and kept by the FBI.”
Bankman Fried’s $250 million bail has been under scrutiny since February 9, after it emerged that he had called potential witnesses about his case. He was also temporarily banned from using a VPN after prosecutors accused him of using it on two occasions, on January 29 and February 12.
The court unsealed an indictment against Bankman-Fried on February 22 containing 12 felony counts, including eight counts of conspiracy to fraud, and four counts of wire and securities fraud.
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