Bankman-Fried Parents’ Phone Will Be Strictly Controlled Under New Court Order

Key Points:

• Sam Bankman-Fried parents’ smartphones will be closely watched.
• The additional phone limits come after attorneys struggled to enforce an earlier court order related to a bail issue.

Once a court accepts the additional conditions, Sam Bankman-Fried parents’ smartphones will be tightly watched while the disgraced former FTX head is under house arrest in their California home.

According to the latest court order, a consultant will evaluate keystroke logs and screenshots from Joseph Bankman and Barbara Fried’s mobile phones at least thrice weekly.

The additional phone limits come after attorneys struggled to enforce an earlier court order related to a bail issue involving Bankman-Fried.

Attorneys for FTX co-founder Sam Bankman-Fried are trying to satisfy bail requirements, including one that requires phones used by Bankman-Fried’s parents to capture images of the user every five minutes.

The difficulties in satisfying Bankman-bail Fried’s requirements were detailed in a letter submitted to the court on April 19. The letter also said that the defense team has looked into other ways to lock the parents’ mobile phones in a manner that conforms with the bail requirements without going into specifics.

On Saturday, Judge Lewis Kaplan authorized a motion to put monitoring software on the phones of Joseph Bankman and Barbara Fried, which would keep a tight eye on their internet surfing, applications, and texts.

“We believe these restrictions are sufficient to prevent Mr. Bankman-Fried from using the Parents’ Phones to circumvent his bail conditions,” Bankman-Fried’s attorneys wrote to the court in a letter.

As part of his new bail conditions, Bankman-Fried recently exchanged his smartphone for one that can’t connect to the internet and his laptop computer for one that has monitoring software and limits his internet usage.

The former FTX CEO has pled not guilty to criminal allegations stemming from his involvement with the now-defunct crypto exchange and its sister crypto trading company, Alameda Research. He is scheduled to stand trial in October.

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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