Sam Bankman-Fried's Lawyers, Prosecutors Agree on Proposed Bail Conditions

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Sam Bankman-Fried's Lawyers, Prosecutors Agree on Proposed Bail Conditions
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Lawyers for SBF_FTX have agreed on bail conditions for the founder of crypto exchange FTX_Official with U.S. prosecutors. By JamieCrawleyCD

Among the conditions submitted for approval to District Judge Lewis Kaplan of the Southern District of New York, Bankman-Fried will be given a new phone that won't have internet access and will be limited to text messages and voice calls. He will also be provided a new laptop with limited functionality that will be allowed access only to approved websites.

Bankman-Fried's parents, in whose home the FTX founder will be residing, have agreed not to allow their son to use their devices nor bring unpermitted devices into the home.

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