September 24, 2023

Top Line

Sam Bankman-Fried, the former boss of cryptocurrency exchange FTX, will no longer be able to use a smartphone or freely access the internet on his laptop. to find new ways to kill time in the seven months before going on trial for fraud.

important facts

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motion, submitted jointly by prosecutors and defense to the judge’s approval, Involved Various restrictions, such as replacing your personal cell phone with a phone equipped only for making voice calls and sending SMS text messages.

Bankman-Fried’s laptop will also be replaced with a new device with similar restrictions, limiting the former billionaire’s private Internet access to 23 websites—including and, strangely, DoorDash, among others (see full list below).

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Specifically, Bankman-Fried will no longer be able to use any messenger apps or access virtual private networks, conditions that came after she allegedly contacted potential government witnesses via encrypted Messenger signals.

The terms outlined Monday match those proposed by prosecutors earlier this month.

main background

Bahamian authorities arrested Bankman-Fried in December at a US request, then deported the California native back to her country. Bankman-Fried was released on bail that month, returning to her parents’ home near Stanford University. In January, Bankman-Fried pleaded not guilty to her eight federal charges. The Bankman-Fried trial will begin in October, one of the highest-profile nonviolent criminal trials in US history. Once worth $26.5 billion, Bankman-Fried fell dramatically from grace last November as cracks began to appear in his crypto empire, including FTX and his Alameda Research hedge fund.

chief critic

Several private citizens have expressed their dissatisfaction with Bankman-Fried’s bail conditions in letters to the judge presiding over their case. In a January letter, former Connecticut detective Thomas Morris said Bankman-Fried is a “fake”.[ing]…system of justice” with its behavior.

amazing facts

Under new, more stringent bail conditions, noted gamer Bankman-Fried can no longer play any video game, including multiplayer games. League of LegendsA long time favorite 31 year old. Bankman-Fried infamous played once Federation During a pitch meeting with venture capital giant Sequoia.

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Earlier Monday, US officials sued on Binance and its CEO Changpeng Zhao, the billionaire CEO of the crypto exchange and rival of Bankman-Fried, for allegedly breaking federal trading regulations.

Here’s What Bankman-Fried Can Surf

These are the 23 sites that Bankman-Fried will have access to, as proposed by prosecutors and the defense:

  1. Amazon.Com
  12. netflix dot com

Exclusive: Sam Bankman-Fried recalls his hellish week in a Caribbean prison (forbes,

Sam Bankman-Fried Unplugged: DOJ Proposes Only a Flip Phone and Limited Internet While FTX Founders Out on Bailforbes,

Ex-Stanford dean bailed Bankman-Fried to help ‘steadfast friends,’ he saysforbes,

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