Sam Bankman-Fried to propose revised bail package 'by next week'
The lawyer representing crypto entrepreneur Sam Bankman-Fried (SBF) in the ongoing FTX case will soon present a revised bail package to Judge Lewis Kaplan of the Southern District of New York.
The move comes after Kaplan expressed displeasure about SBF’s use of encrypted-messaging apps and virtual private network (VPN) services while out on bail.Legal proceedings around FTX’s downfall led SBF to avoid possible jail time with a $250 million bail bond.
However, while on bond, the entrepreneur used Signal, an end-to-end encrypted messaging service, to contact former FTX and Alameda colleagues.
Judge Kaplan forbade SBF from using such apps and threatened to revoke bail privileges if acted out of order.Following up on this order, Bankman-Fried’s lawyer, Christian R.
Read more on cointelegraph.com
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