US Prosecutors Reach New Bail Agreement with Lawyers of FTX founder Sam Bankman-Fried
As per the proposed conditions, FTX founder Sam Bankman-Fried will get a new phone with no internet capability limited to voice calls and text messages. On Monday, March 27, lawyers of FTXs disgraced founder Sam Bankman-Fried said that they have reached an agreement with US prosecutors over the new bail conditions. This development comes as the judge raised the prospect of sending SBF to jail pending trial. The newly proposed conditions have been submitted for approval to District Judge Lewis Kaplan of the Southern District of New York. These conditions state that FTX founder Sam Bankman-Fried will get a new phone with no internet capability limited to voice calls and text messages. Besides, he shall also get a laptop with limited functionality that will allow him access only to the approved websites. Furthermore, the laptop will have monitoring software to track user activity. Also, SBF wont get any administrative access to prevent any sort of tampering with restrictions. In addition to his lawyers, SBFs parents with whom the disgraced FTX founder is currently staying have agreed not to allow their son to use their devices nor bring any unpermitted devices to their home. Proposed earlier at the start of the month, these conditions followed suspicions