FTX News: Former FTX CEO Sam Bankman-Fried is nearing an agreement with US prosecutors on new bail conditions after Judge Kaplan asked both parties to present their proposals, said lawyers for Sam Bankman-Fried.
According to a letter filed on March 17, Sam Bankman-Fried’s lawyer Christian Everdell both parties are closed to resolution and will present the Court with a proposed order outlining new bail conditions by next week. The lawyers requested specific interim modifications to the proposed bail conditions by the U.S. DOJ prosecutors on March 3.
Sam Bankman-Fried requires access to the FTX transactional database (the “AWS Database”) provided to the defense as part of the criminal discovery, prosecutors agree with the interim modification.
DOJ proposed limiting access to digital devices by Sam Bankman-Fried, providing a flip phone and laptop with limited access to only whitelisted websites. The DOJ prosecutors earlier accused SBF of witnessing tampering after he used encrypted messaging apps and VPN to contact FTX employees and access other websites.
FTX News: New Investigations on FTX
Shareholder rights law firm Bragar Eagel & Squire P.C. on Saturday revealed that it is investigating potential claims against FTX Tokens, G-III Apparel Group, Ltd., Bright Green Corporation, and Consensus Cloud Solutions. The firm said investigations concern whether companies have violated the federal securities laws or engaged in other unlawful business practices.
GoinGape reported that Sam Bankman–Fried secretly transferred $2.2 billionn from FTX to his personal account and five members of his inner circle took $1bn more before the crypto exchange FTX collapsed, bankruptcy court filings claim.
SBF is currently on a bond set at $250 million and his trial is scheduled on October 2. As of now, Bankman-Fried has pleaded not guilty to all counts of charges.
Also Read: 186 US Banks Face SVB Like Risk; Crypto Bull Run Ahead?
The post FTX News: Sam Bankman-Fried Faces Investigations Amid New Bail Restrictions appeared first on CoinGape.
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