Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report

A federal judge has reportedly denied oral arguments proposing former FTX CEO Sam Bankman-Fried be allowed to use certain messaging apps.

According to a Feb. 9 Reuters report, Judge Lewis Kaplan of the United States District Court for the Southern District of New York upheld his ruling that Bankman-Fried be restricted from using encrypted messaging apps as a condition of his release on a $250-million bond. The judge ordered SBF not to communicate using apps such as Signal on Feb. 1, but the former CEO’s legal team and prosecutors had negotiated a deal allowing for exceptions, including Facebook Messenger, Zoom and FaceTime.

Judge Kaplan reportedly said he was “far less interested in [Bankman-Fried’s] convenience” than in the former FTX CEO contacting potential witnesses in his criminal case – court filings showed SBF had reached out to FTX US general counsel Ryne Miller and current FTX CEO John Ray. Bloomberg reported the judge said Bankman-Fried could be “bright enough to encrypt something without a computer,” suggesting that the current bail restrictions were necessary.

“There is still snail mail and there is still email and there are all kinds of ways to communicate that don’t present the same risks,” said Kaplan.

Bankman-Fried appeared in court in person as part of the bail hearing but largely remains restricted to his parents’ California home. His bail restrictions will reportedly remain in place until Feb. 21 following Kaplan’s ruling to extend.

This story is developing and will be updated.

All Dutch and English crypto news!

XRP, LTC, XMR and AVAX show bullish signs as Bitcoin battles to hold $28K

The recent banking crisis in the United States seems to have shaken the belief of some customers in the legacy banking system. According to Federal...

G7 to collaborate on tighter crypto regulation: Report

The next G7 meeting might bring a push from the seven biggest democracies for tougher regulations on cryptocurrencies around the world, Kyoto news agency reports...

Community-driven crypto projects still thriving despite headwinds

The highly anticipated launch and airdrop of Arbitrum's native governance token ARB took place on March 23, creating a buzz around the layer-2 protocol as...

Cathie Wood grills Hindenburg for ‘wildly misleading’ investors and buys Block shares

Wood says Hindenburg's recent short report on Block was 'wildly misleading'. She bought more than 600,000 shares of the crypto company late last week. Block shares are...

Beste exchanges

Koop je crypto bij Bitvavo