Small Victory for Sam Bankman-Fried: Prosecutors Resolve Dispute Over Bail Conditions – Here's What Happened
After a tumultuous month for disgraced FTX boss Sam Bankman-Fried (SBF), finally prosecutors have given ground.
January was difficult for SBF. Despite being sat in home arrest in California, on a $250m bond. Last week US District Judge Lewis Kaplan imposed severe restrictions on his communications.
The result of requests from prosecuting lawyers that feared Bankman-Fried would influence witnesses. These concerns aimed at Signal - an app that deletes messages after they're read.
But today it appears that prosecutors have overturned the communications restriction.
The FTX bankruptcy saga continues following a new deal cut by SBF's defense team.
Lead defense lawyer Mark Cohen attested the move. Arguing it was essential in clarifying the blurred lines surrounding the blanket comms ban.
The new arrangement will enable SBF continued communication. As long as he complies with a non-contact order - a list of individuals he's barred from contacting.
This will still give him the ability to have contact with current and former FTX employees. But will also reopen his communication channels with family and friends.
Further, Cohen also forced prosecutors to exempt some names from the non-contact order. These names are unidentified.
But this deal wasn't free. Pressing prosecutors to reopen his communication channels has come at a cost. And the fallen industry star boy has accepted much tighter bail conditions in other areas.
What new conditions has Sam Bankman-Fried agreed?
Following the announcement of a communications ban on SBF. Negotiations between the defense team, under the steady guidance of Mark Cohen. And the prosecutors, led by Franklyn Williams KC, started immediately.
In any successful negotiation, to get what you want you have to
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