Federal judge hints at denying Sam Bankman-Fried any internet access as condition of bail: Report

Published at: Feb. 16, 2023

Judge Lewis Kaplan reportedly targeted Sam Bankman-Fried’s internet usage in a hearing aimed at reviewing the former FTX chief executive officer use of a virtual private network, or VPN.

According to a Feb. 16 tweet from NPR correspondent David Gura, Judge Kaplan may have suggested that Bankman-Fried be denied access to any electronic device and the internet as a condition of his bail. Though SBF’s lawyers reportedly said there was no television in Joe Bankman’s and Barbara Fried’s California home — where the former FTX CEO has largely been confined since his arraignment in the United States in December — the judge countered that a "garden of electronic devices" was available with access to the internet.

Bankman-Fried appeared in court for the first time in days to address the legal implications of him using a VPN on Jan. 29 and Feb. 12. SBF’s lawyers claimed he had been watching football on the days in question, but prosecutors said using a VPN raised “several potential concerns.”

Prosecutors suggested restricting Bankman-Fried’s VPN usage as a condition of his bail, as they have with certain messaging apps and contact with current or former FTX and Alameda Research employees. Judge Kaplan reportedly did not expand SBF’s bail conditions to include restrictions on the internet or VPNs in the hearing, but asked his legal team to provide a consultant willing to explain the implications of the technology in court.

Related: Ex-Stanford dean says SBF’s parents helped his family battle cancer

Bankman-Fried’s criminal trial is scheduled to begin in October, when he will face eight criminal counts including wire fraud and violations of campaign finance law. The debtors in FTX’s bankruptcy case have also issued a subpoena to the former CEO, ordering him to present certain documents and information related to his time at FTX to the court.

Tags
Law
Related Posts
Bahamas reportedly asked SBF to mint new coin after FTX collapse
The Bahamas government reportedly worked with former FTX CEO Sam Bankman-Fried to issue a new cryptocurrency controlled by local officials. Following the FTX collapse in November, Bahamas government officials reportedly asked Bankman-Fried to mint new digital assets worth “hundreds of millions of dollars,” lawyers for FTX said in a court filing, Bloomberg reported on Dec. 12. The authorities also reportedly asked the former FTX CEO to transfer the new tokens to the control of island officials. The report also suggests that Bahamas officials tried to help Bankman-Fried regain access to key computer systems of the now-defunct FTX trading platform. According …
Regulation / Dec. 13, 2022
Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers
Three men reportedly drove their car into the metal barricade outside Sam Bankman-Fried’s parent’s home where he is currently under house arrest, SBF’s lawyers claim. In a filing to the federal court, the lawyers for the former FTX CEO said the three men got out of the car after hitting the barricade and told a security guard guarding the home: “You won’t be able to stop us.” The unidentified trio were then able to drive away before security guards could record the car’s license plate. According to a Reuters report, the incident was described in a Jan. 19 court filing …
Blockchain / Jan. 20, 2023
FTX lawyers to reap millions from the bankruptcy case: Report
Controversial law firm Sullivan & Cromwell is on track to reap a fortune from its work on the bankruptcy case of the FTX cryptocurrency exchange, according to a new report. Sullivan & Cromwell’s costs in the FTX case are estimated to reach hundreds of millions of dollars before the firm’s bankruptcy investigation is over, Bloomberg Law reported on Jan. 27. As the FTX trial is scheduled for October 2023, the firm’s lawyers now have about eight months to untangle the complicated FTX case, which will cost a lot of time and money. Sullivan & Cromwell has more than 150 people …
Regulation / Jan. 27, 2023
Sam Bankman-Fried's use of a VPN on Super Bowl Sunday 'raised concerns', say prosecutors
Prosecutors behind the criminal case against former FTX chief executive officer Sam Bankman-Fried have requested additional time to consider the legal implications of him using a virtual private network, or VPN. In a Feb. 13 filing with the United States District Court for the Southern District of New York, U.S. Attorney Damian Williams said the Justice Department had uncovered that Bankman-Fried accessed the internet on Jan. 29 and Feb. 12 — the second date being Super Bowl LVII. According to Williams, the government’s view was that using a VPN “raises several potential concerns”, citing examples of U.S.-based users accessing certain …
Regulation / Feb. 14, 2023
Unsealed superseding indictment against Sam Bankman-Fried includes 12 criminal charges
In a superseding indictment filed with the United States District Court for the Southern District of New York on Feb. 22, U.S. Attorney Damian Williams alleged Bankman-Fried’s actions in the matter involving FTX and Alameda warranted 12 charges. According to the indictment, these included: Conspiracy to Commit Wire Fraud on Customers of FTX Wire Fraud on Customers of FTX Conspiracy to Commit Fraud on Customers of FTX in Connection with Purchase and Sales of Derivatives Fraud on Customers of FTX in Connection with Purchase and Sales of Derivatives Conspiracy to Commit Securities Fraud on Investors in FTX Securities Fraud on …
Regulation / Feb. 23, 2023