Sam Bankman-Fried agrees to stop using Signal and other encrypted messaging apps as a condition of his bail release.
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves a hearing at Manhattan federal court in New York City, Jan. 3, 2023.“The defendant shall not use any encrypted or ephemeral call or messaging application, including but not limited to Signal.
Bankman-Fried dropped his opposition to a ban on him reaching out to former FTX and Alameda Research employees after “the government exempted certain individuals from the proposed no-contact condition,” the letter said.Late last month, federal prosecutors wrote a letter to the judge in the case seeking new conditions of his release because they say Bankman-Fried made “recent attempts” to contact prospective witnesses in his criminal case.
“It has recently come to the Government’s attention that the defendant has been in direct communication with the current General Counsel of FTX US who may be a witness at trial, and who is represented by counsel,” the letter continued. Bankman-Fried has been free on a $250 million bond after he was charged with fraud and conspiracy following the collapse of the crypto platform he founded, FTX.
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