Judge Prohibits Bankman-Fried Contacts FTX Employees Ahead Of Feb 7 Hearing

Key Points:

• Sam Bankman-Fried is not permitted to have contact with any past or present Alameda Research or FTX workers, according to a New York judge.
• Additionally, Bankman-Fried is not permitted to use Signal or any other ephemeral communications programs.
• The judge has not yet determined whether SBF’s access to FTX and Alameda money may be restricted as part of his bail requirements.

Sam Bankman-Fried‘s bail terms in New York include that he is not allowed to make contact with any FTX present or former employees.

Federal prosecutors sent a letter to the court on Friday seeking for the bail requirements for the former FTX CEO to be changed. On Wednesday, U.S. District Court Judge Lewis Kaplan decided to change the FTX founder’s release conditions.

In order to remain free on bond throughout his trial, Judge Kaplan ruled that Bankman-Fried could not speak with any current or former FTX or Alameda Research workers unless in the presence of counsel. In his decision, Kaplan also said that SBF could not communicate with anybody using an encrypted messaging service like Signal.

In the past, prosecutors said that Bankman-Fried had contacted at least one worker, named Ryne Miller, the present general counsel for FTX US, in an effort to allegedly sway his potential witness testimony. In a hearing on February 7, Judge Kaplan said he would hear arguments on the subject.

The prosecution’s requested changes to Bankman-Fried’s bail were rejected by his lawyer, Mark Cohen, who claimed that his client needed to speak with a few former coworkers, including his therapist, George Lerner.

Cohen also tried to remove a bail condition that prevented Bankman-Fried from using any FTX or Alameda assets, including any cryptocurrencies kept there, or from transferring them.

Bankman-Fried will go on trial in October in the Southern District of New York U.S. District Court on eight felony charges, including wire fraud.

Coincu will continue to update the situation related to Sam Bankman-Fried, you can find out more information through this article.

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Harold

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