Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Finance»U.S. seeks tighter bail for FTX founder Bankman-Fried to prevent tampering
Finance

U.S. seeks tighter bail for FTX founder Bankman-Fried to prevent tampering

January 30, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

NEW YORK, Jan 27 (Reuters) – U.S. prosecutors on Friday requested a Manhattan decide to impose more durable bail situations on Sam Bankman-Fried, expressing concern that the founding father of the FTX cryptocurrency trade may tamper with witnesses or destroy proof in his felony case.

Citing Bankman-Fried’s “latest makes an attempt to contact potential witnesses,” prosecutors requested U.S. District Choose Lewis Kaplan to ban Bankman-Fried from speaking with present or former workers of FTX or his Alameda Analysis hedge fund, apart from household, until a lawyer is current.

In addition they requested that Bankman-Fried not use Sign or different encrypted name and messaging purposes, although he may nonetheless talk by textual content messages, e mail and the telephone.

Bankman-Fried, 30, has been free on $250 million bond and required to dwell along with his mother and father since pleading not responsible to looting billions of {dollars} from the now-bankrupt FTX.

Legal professionals for Bankman-Fried didn’t instantly reply to requests for remark.

In Friday’s letter, prosecutors cited a Sign message on Jan. 15 from Bankman-Fried to “Witness-1,” the overall counsel of the FTX U.S. affiliate. Bankman-Fried expressed curiosity in having a “constructive relationship” or “not less than vet issues with one another.”

Prosecutors stated this was “significantly regarding” as a result of Bankman-Fried knew the overall counsel had probably damaging info, having participated simply earlier than FTX’s November collapse in communications by which Bankman-Fried mentioned utilizing Alameda funds to fulfill FTX buyer withdrawals.

“The defendant’s request to ‘vet issues with one another’ is suggestive of an effort to affect Witness-1’s potential testimony, and the attraction for a ‘constructive relationship’ likewise implies that Witness-1 ought to align with the defendant,” prosecutors stated.

“Even when the defendant has circuitously tried to tamper with witnesses, (his) contact with witnesses could intimidate them” into not coming ahead or testifying, prosecutors added.

In looking for to maintain Bankman-Fried off Sign, prosecutors stated he had in 2021 directed that many Sign and Slack communications be autodeleted inside 30 days.

Prosecutors stated former Alameda chief Caroline Ellison, who pleaded responsible within the case and is cooperating with them, informed them Bankman-Fried had indicated it could possibly be more durable to construct authorized circumstances if info weren’t preserved.

Reporting by Jonathan Stempel in New York; Enhancing by Cynthia Osterman

: .

Source link

bail BankmanFried founder FTX prevent seeks tampering Tighter U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin bigwig Circle soars in debut on the New York Stock Exchange

June 7, 2025

JPMorgan Chase sees growth in Asia Pacific private credit market

June 7, 2025

Swiss government proposes tough new capital rules in major blow to UBS

June 6, 2025

BJ’s Restaurant announces Lyle D Tick as new president and CEO

June 6, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

iOS 26 (iOS 19): Release Date, iPhone Compatibility & New Features

June 7, 2025

Stablecoin bigwig Circle soars in debut on the New York Stock Exchange

June 7, 2025

Tripura Police arrest 2 in Unakoti tea garden mob lynching case | India News

June 7, 2025

‘This is one of my closets’: Step inside Manish Malhotra’s Mumbai home | Lifestyle News

June 7, 2025
Popular Post

“A happy fighter is a dangerous fighter”

Living a Full Circle: Leadership, Legacy & Leisure with Dr. Bharat Kaushal | Business News

Google Considered Play Store Tax Change but Chose Higher Profits Instead

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.