The Morning After: The Justice Department wants to keep Sam Bankman-Fried on a flip phone

 

FTX founder and former CEO Sam Bankman-Fried may be stuck using a feature phone. In a letter seen by Bloomberg, prosecutors said Bankman-Fried’s lawyers had agreed to modify the terms of his bail agreement. Provided the judge overseeing the case agrees to the changes, SBF will be restricted to using a “non-smartphone” without internet connectivity. Unless a lawyer is present, he will also be forbidden from contacting current or former FTX and Alameda Research employees. The proposed restrictions came after Bankman-Fried allegedly attempted to contact the general counsel of FTX’s US subsidiary over Signal at the start of the year. District Judge Lewis Kaplan threatened to revoke Bankman-Fried’s bail and send him to jail before the start of his trial after learning the disgraced entrepreneur may have influenced potential witnesses.

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