The judge did not provide reasons for the denial, and said a hearing on Sam Bankman-Fried’s bail remains scheduled for Feb. 9
A federal judge on Tuesday rejected a proposal to modify Sam Bankman-Fried’s bail conditions, despite an agreement between the FTX cryptocurrency exchange founder and prosecutors to address potential witness tampering concerns.
U.S. District Judge Lewis Kaplan in Manhattan did not provide reasons for the denial, and said a hearing on Bankman-Fried’s bail remains scheduled for Feb. 9.declined to comment. The office of U.S. Attorney Damian Williams did not immediately respond to a request for comment. Bankman-Fried, 30, has been free on $250-million bond and living with his parents in Palo Alto, California, since, citing Bankman-Fried’s efforts to contact both the general counsel of the FTX U.S. affiliate and new FTX Chief Executive John Ray, ostensibly to provide assistance.would prevent Bankman-Fried from talking with most employees of FTX or his Alameda Research hedge fund without lawyers present, or using encrypted messaging apps such as Signal.
On Monday, Bankman-Fried’s lawyer Mark Cohen said his client had reached agreement with prosecutors to allow communications with a specific set of employees, pending Kaplan’s approval. That agreement also prevented Bankman-Fried from using Signal, but let him communicate by phone, email, text message, Zoom and Facetime, as well as WhatsApp if he installed monitoring technology and preserved messages.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX threatens legal action against political recipients of donationsThe bankrupt crypto exchange FTX is demanding the return of funds from politicians and members of the U.S. Congress. FTX members had donated more than $84 million to political candidates and organizations. In a press statement issued on 5 February, FTX’s newly appointed CEO, John Jay Ray III, stated that FTX would pursue funds that […]
Read more »
U.S. bankruptcy judge weighs demand for independent investigation into collapse of FTXBankrupt crypto exchange FTX opposes the court-supervised investigation, calling it redundant and wasteful
Read more »
FTX judge weighs demand for independent bankruptcy investigationA U.S. bankruptcy judge is considering at a Monday court hearing in Delaware whether to greenlight a court-supervised investigation into the collapse of FTX, a course of action that the crypto exchange opposes as redundant and wasteful.
Read more »
FTX plans to claw back millions in contributions to politicians and charities(Kitco News) - FTX is no longer asking nicely that political and charitable contributions made by the previous management be returned, according to a press release issued on Feb. 5.
Read more »
Kim Petras Becomes The First Transgender Woman To Win Grammy For Best Pop Duo/Group PerformanceKim Petras just made Grammys history. On Sunday night, she and Sam Smith took home the award for Best Pop Duo/Group Performance for their hit single 'Unholy'. [readmore label='READ MORE: ' link='https://etcanada.com/news/965988/sam-smith-and-kim-petras-channel-unholy-music-video-at-grammys-red-carpet/' text='Sam Smith And Kim Petras Channel ‘Unholy’ Music Video At Grammys Red Carpet'] Petras is the first transgender woman to win the award,…
Read more »
Troubled Singaporean crypto lender Hodlnaut seeking buyersThe troubled Singaporean cryptocurrency lending firm Hodlnaut is negotiating the sale of its business and other assets with several potential investors. Hodlnaut’s FTX accounts held 514 Bitcoin (BTC), 1,395 Ether (ETH), 280,348 USD Coin (USDC) and 1,001 FTX. As per a recent Bloomberg report, the troubled Singaporean cryptocurrency lending firm Hodlnaut is reportedly negotiating the […]
Read more »