The federal judge presiding over the case prosecutors brought against FTX founder Sam Bankman-Fried said Tuesday that the cryptocurrency entrepreneur can remain on the West Coast while his lawyers attend a hearing Friday.
Judge Lewis A. Kaplan set the pretrial hearing in New York City and excused Bankman-Fried from attending.
His communications have been a particular area of concern, though lawyers on both sides have apparently struck a deal that might be addressed by the judge on Friday. Several weeks ago, prosecutors alleged that Bankman-Fried accessed the internet twice through a virtual private network, or VPN, which blocks third parties from seeing online activity.
With the new proposal, Bankman-Fried's phone functions would be limited to SMS text messages and voice calls.
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The FTX Insiders Turning Against Sam Bankman-Fried - The Journal. - WSJ PodcastsThree executives who formed Sam Bankman-Fried’s inner circle have now pleaded guilty to fraud charges and agreed to cooperate with prosecutors. WSJ’s Alexander Osipovich on what their plea deals could spell for the FTX founder. Further Reading: - Close Ally of FTX Founder Sam Bankman-Fried Pleads Guilty to Fraud - How FTX’s Nishad Singh Turned to Crypto Crime Further Listening: - The Charges Against FTX’s Sam Bankman-Fried - ‘Do You Expect to Go to Prison?’: An Interview With SBF - The Fall of Crypto's Golden Boy
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THE HASH: Voyager Denies SEC Claims VGX Token Is a Security; Sam Bankman-Fried May Soon Use a Flip PhoneListen to this episode from CoinDesk Podcast Network on Spotify. The most valuable crypto stories for Monday, March 6, 2023. Bankrupt crypto lender Voyager Digital has denied claims by the U.S. Securities and Exchange Commission that its VGX token is a security, as it seeks court approval for a $1.02 billion buyout offer from Binance.US. Separately, an attorney with the U.S. Department of Justice proposes Sam Bankman-Fried’s bail conditions should restrict his use of the internet, including the use of a non-internet-connected flip phone, in court filings late Friday.See also:Voyager Denies SEC Claims VGX Token Is a Security as Binance.US Decision LoomsVoyager Digital's Reward Program Lost $58M in 2022: Court FilingVoyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US DealVoyager Bankruptcy Judge Says He Is ‘Absolutely Shocked’ by SEC Objection to Binance.US DealBankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says-This episode has been edited by Ryan Huntington. The senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”-Are you building the next big thing in Web3? Apply to pitch your project live on stage at the CoinDesk Pitchfest Powered by Google Cloud at Consensus, the industry’s most influential event happening April 26-28 in Austin, Texas. Apply by March 31 for a chance to be among the twelve finalists selected to pitch. Visit consensus.coindesk.com/pitchfest for more information.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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