Prosecutors want FTX founder Sam Bankman-Fried to use a flip phone as part of a more restrictive bail package.
The lawyers have been working to satisfy concerns raised by Judge Lewis Kaplan, who said he could "conceivably" revoke Bankman-Fried's bail after he found there was a "threat" of w
Bankman-Fried was charged with multiple counts of conspiracy and fraud in what prosecutors allege is one of the largest financial frauds in US history. He pleaded not guilty to charges he misused customer funds in FTX to prop up related hedge fund Alameda Research, make venture investments, and donate to political campaigns to influence policy.
Under the proposal, Bankman-Fried's new laptop will "be configured so that he is only able to log on to the internet through the use of specified VPNs, and that the VPNs only permit the defendant to access websites that have been whitelisted through the VPNs."
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Prosecutors want Sam Bankman-Fried to use flip phone as part of more restrictive bail packageThe lawyers have been working to satisfy concerns raised by Judge Lewis Kaplan, who said he could 'conceivably' revoke Bankman-Fried's bail after he found there was a 'threat' of witness tampering.
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Prosecutors want Sam Bankman-Fried to use flip phone as part of more restrictive bail packageThe lawyers have been working to satisfy concerns raised by Judge Lewis Kaplan, who said he could 'conceivably' revoke Bankman-Fried's bail after he found there was a 'threat' of witness tampering.
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Sam Bankman-Fried is now restricted to using 'no internet' flip phoneSam Bankman-Fried is now restricted to a flip phone with 'no internet,' but can still watch Netflix on a laptop
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Sam Bankman-Fried might use flip phone under stricter bail planBankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits at FTX, his cryptocurrency platform.
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DOJ seeks to narrow Sam Bankman-Fried's bail terms, use only flip phonesSam Bankman-Fried communication should be restricted to a flip phone or other non-smartphone device with no internet access.
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