Lawyers for Sam Bankman-Fried, the founder of FTX, have agreed on new bail conditions with U.S. prosecutors. The conditions, which were initially proposed earlier this month, include giving Bankman-Fried a new phone without internet access, a laptop with limited functionality, and residing with his parents, who have agreed not to allow him to use their devices or bring unapproved devices into the home.
The proposed bail conditions followed suspicions that Bankman-Fried had attempted to contact witnesses while on bail. He has pleaded not guilty to charges of wire fraud and money laundering and is set to stand trial in October. Bankman-Fried was released on a $250 million bond, co-signed by his parents, following his arrest in December.
All Comments