SBF Needs a Laptop with Limited Features: Attorney Asks Judge
- SBF attorneys are closer to a resolution as part of a US District Court judge’s satisfaction.
- SBF attorney Everdale said a revised bail clause would be introduced that would satisfy both the SBF and the court.
- In a letter, the attorney asked the judge to allow the SBF to use a laptop with limited features to fetch some of the FTX material.
According to the latest reports, Sam Bankman-Fried, the disgraced CEO of embattled cryptocurrency exchange FTX, is closer to an agreement with US prosecutors for a revised bail clause as part of convincing US District Judge Louis Kaplan who filed complaints against SBF’s use of the technology while in custody.
It should be noted that SBF attorney Christian R. Everdale, in a letter addressing the judge, confirmed that the SBF was “close to being resolved”, stating that:
We believe we are close to a resolution and expect to be able to submit a proposed court order outlining these terms by next week.
The attorney added that Friedman and federal prosecutors are “working diligently to agree on a set of specific bail terms that will address the concerns expressed by the government and the court.”
After being accused of cryptocurrency fraud and two interrogations, the former FTX CEO was released on bail on a $250 million bond, to remain under house arrest. However, the US District Judge was furious when it was revealed that SBF was using encrypted messaging apps and a Virtual Private Network (VPN), to mask the identity of its network.
After crucial findings regarding SBF’s communications with FTX and Alameda Research officials, Kaplan threatened him that he would pursue further legal action if he violated the restrictions of his bail terms.
In a March 10 hearing with Kaplan, plaintiffs filed a motion to have SBF benefit from a flip phone without internet facilities and a laptop with limited features. However, in response to the request, he told Kaplan that because SBF is so “innovative”, he could easily “find a way around” the limitations without being noticed.
However, in the letter, Everdell asked the judge to allow the SBF to use a laptop to access certain documents requested by FTX on the condition that his activities be monitored by the attorney. The lawyer added that the laptop could be returned once he had obtained the materials.
SBF Publication Needs a Laptop with Limited Features: Lawyers Requests appeared first in the Coin edition.