FTX founder Sam Bankman-Fried was ordered on Tuesday not to use a VPN to access the internet, after prosecutors expressed concern that Bankman-Fried might try to hide his online activities
A federal judge on Tuesday ordered Sam Bankman-Fried not to use a virtual private network to access the internet, after prosecutors expressed concern the FTX cryptocurrency exchange founder might try to hide his online activities.
Kaplan has temporarily barred the 30-year-old former billionaire from contacting current or former employees at his exchange and Alameda Research hedge fund. The judge on Tuesday extended that ban by three days, to Feb. 24.to eight criminal charges including wire fraud and money laundering conspiracy, carrying a maximum 115-year prison sentence.
Defense lawyers and prosecutors have been negotiating Bankman-Fried’s electronics use pending his scheduled October trial. “As defense counsel has pointed out, and the government does not dispute, many individuals use a VPN for benign purposes,” but there remain “several potential concerns,” prosecutor Danielle Sassoon wrote.
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