Prosecutors and attorneys for FTX founder Sam Bankman-Fried are requesting the disgraced cryptocurrency entrepreneur be allowed a flip-phone or another device that’s not a smartphone while on bail.
The proposal, submitted in a letter Friday, comes as the judge in the case is deciding how to toughen Bankman-Fried’s bail requirements amid concerns the former billionaire might be communicating on electronic devices in ways that can’t be traced.
Prosecutors alleged last month Bankman-Fried used a virtual private network that blocks third parties from seeing online activity, known as VPN, to access the internet twice. They also said he sent an encrypted message over the Signal texting app in January to the general counsel of FTX US, a move they argued might indicate witness tampering.
Bankman-Fried has pleaded not guilty to charges that he cheated investors and looted customer deposits at FTX, his cryptocurrency platform.
Judge Lewis A. Kaplan, who is overseeing the case, has raised the possibility that Bankman-Fried might have to be jailed if his communications can’t be monitored to ensure the integrity of the trial. The former FTX head was released on a $250 million bond in December and is confined to his parent’s home in Palo Alto, California.
Under the proposal, Bankman-Fried’s phone functions would be limited to SMS text messages and voice calls. He would also be given a new laptop with limited use, which will be “configured so that he is only able to log on to the internet through the use of specified VPNs,” that will only permit access to websites that have been whitelisted. They include sites he can use to prepare for his defense, such as Ftx.com, and those for personal news, like The New York Times and Netflix.
In the letter, the two sides said Bankman-Fried would also be allowed access to several applications to prepare for his defense, including Zoom, Microsoft Office and Adobe Acrobat. The parties also proposed a monitoring software be installed on the device to track any activity, and have Bankman-Fried’s parents submit sworn affidavits that they “will not bring additional devices into the home” or permit access to their own password-protected devices.
Kaplan still has to decide whether to approve to proposal.
24World Media does not take any responsibility of the information you see on this page. The content this page contains is from independent third-party content provider. If you have any concerns regarding the content, please free to write us here: contact@24worldmedia.com
5 Characteristics of Truth and Consequences in NM
How To Make Your Wedding More Accessible
Ensure Large-Format Printing Success With These Tips
4 Reasons To Consider an Artificial Lawn
The Importance of Industrial Bearings in Manufacturing
5 Tips for Getting Your First Product Out the Door
Most Popular Metal Alloys for Industrial Applications
5 Errors To Avoid in Your Pharmaceutical Clinical Trial
Ways You Can Make Your Mining Operation Cleaner
Tips for Starting a New Part of Your Life
Easy Ways To Beautify Your Home’s Exterior
Tips for Staying Competitive in the Manufacturing Industry