Judge Seeks Tougher Bail Restrictions for Sam Bankman-Fried

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Judge Seeks Tougher Bail Restrictions for Sam Bankman-Fried
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A federal judge ordered prosecutors and the defense to hammer out appropriately tough restrictions on Sam Bankman-Fried's access to electronic devices, saying the FTX founder's bail restrictions needed to be tightened

A federal judge on Thursday voiced growing discomfort with Sam Bankman-Fried’s bail conditions, ordering prosecutors and the defense to hammer out appropriately tough restrictions on the FTX founder’s access to electronic devices as heThe command, from U.S. District Judge Lewis Kaplan, came after weeks of wrangling over the terms of Mr. Bankman-Fried’s house arrest. Federal prosecutors in January said he contacted a potential witness from his parents’ Palo Alto, Calif.

Prosecutors have proposed that Mr. Bankman-Fried have access only to one phone and one laptop, both of which would be monitored by the government. He would be limited to using email, working on his defense, making voice calls and sending texts. The collapse of FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on what went wrong and how complicated things could get. Here are three things to know about the company’s bankruptcy process. Photo: Lam Yik/Bloomberg News

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