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.
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.
Prosecutors said Bankman-Fried cheated customers and improperly diverted assets, causing billions of dollars in losses. FTX filed for Chapter 11 bankruptcy in November. In a Monday night filing, prosecutors said Bankman-Fried used a VPN to access the internet on Jan. 29 and Feb. 12. "For instance, it is well known that some individuals use VPNs to disguise the fact that they are accessing international cryptocurrency exchanges that use IPs to block U.S. users," she added.
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