U.S. Judge Cautious of SBF’s FTX Conduct

1. A U.S. judge believes FTX CEO SBF may try to evade bail and tamper with witness testimony.
2. The prosecution and Sam Bankman-defense Fried’s team reached an agreement.
3. Judge Kaplan asserts that SBF could encrypt data without a computer.

Recent news accounts claim that a U.S. judge has expressed worry that FTX founder SBF may try to avoid bail conditions and tamper with witness testimonies. 

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As a result, Sam Bankman-Fried was outlawed from using encrypted messaging software while being held on parole for trial on fraud allegations. Further, SBF was forbidden from contacting the former employees of the companies he had previously managed.

In a letter dated Tuesday, Sam Bankman-attorney Fried’s Mark Cohen represented SBF in negotiations with prosecutors, resulting in an agreement to relax bail conditions about electronic communication.

Nonetheless, Judge Kaplan ruled against the agreement and said the limits would remain in effect until February 21. On top of that, Judge Kaplan remarked that his primary concern is the potential for SBF to alter electronic messages, potentially harming the ongoing investigation.

Additionally, Kaplan claimed a brilliant guy like Sam Bankman-Fried could encrypt something without a computer. As a result, he gave both parties until February 13 to justify how they guaranteed Bankman-Fried would keep electronic correspondence the same.

“Don’t you think this defendant is bright enough to encrypt something without a computer?” Kaplan said.

Following the collapse of FTX, which lost hundreds of millions of dollars and wiped out the 30-year-riches, old’s Bankman-Fried is facing eight criminal accusations.

He has pled not guilty to many accusations, including wire fraud and money laundering conspiracy, and if convicted, he could face up to 115 years in prison.

Read Also :

• SBF Waives Extradition Rights to FBI and U.S. Marshals
• FTX Seeks to Question SBF`s Parents and Brother’s Wealth
• Unarrested SBF Has Connections With the U.S Government
• Judge Reject SEC Motion to Revoke Amici Status and Bar John Deaton
• US Judge Drops FTX, Recuses Self From FTX Corrupt Case