" " US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access – Bitcoin News – Financial Tips " "
Financial Tips
Advertisement
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us
No Result
View All Result
Financial Tips
No Result
View All Result
Home Digital Payment

US Prosecutors Seek to Further Restrict Former FTX CEO Sam Bankman-Fried’s Internet Access – Bitcoin News

admin by admin
March 5, 2023
in Digital Payment


The U.S. attorney for the Southern District of New York (SDNY), Damian Williams, and the Department of Justice (DOJ) are requesting “proposed modifications” to the bail conditions of former FTX CEO, Sam Bankman-Fried. The SDNY prosecutor is asking the court to prohibit Bankman-Fried from using a smartphone with an internet connection. Instead, the disgraced FTX co-founder would receive a government-issued flip phone with disabled internet capabilities.

Bankman-Fried May Get a Flip Phone With Strings Attached

On March 3, 2023, the DOJ and SDNY attorney Damian Williams filed a request with judge Lewis Kaplan to modify the bail conditions of Sam Bankman-Fried (SBF), the former CEO of FTX. Prosecutors seek to restrict SBF’s internet access through various devices, including smartphones, tablets, computers, and video game devices that allow chat and voice communication. The proposed restriction would ban SBF from using any smart devices with internet capability.

The government also wants the temporary measures added to SBF’s bail conditions to be fully adopted. These measures include not communicating with any FTX or Alameda Research employee without counsel present, not using encrypted messengers such as Signal, and prohibiting the use of a VPN. SBF would receive a government-issued flip phone with a DOJ-controlled serial number, IMEI number, IMSI number, MAC address, and SIM number. The flip phone would allow SMS text messaging and voice calls.

“​​With respect to the defendant’s computer usage, the parties propose that the defendant’s new laptop be configured so that he is only able to log on to the internet through the use of specified VPNs, and that the VPNs only permit the defendant to access websites that have been whitelisted through the VPNs,” the court filing submitted by the SDNY attorney details. “Specifically, an authorized VPN installed on the laptop would allow the defendant to access the cloud-hosted FTX read-only database that has been provided as part of discovery.”

In addition, federal prosecutors want to install monitoring software on SBF’s computer to log activity. If approved by Kaplan, SBF would have to surrender his electronic devices for investigation by pretrial services. The former FTX CEO would also be prohibited from purchasing any new cell phones, tablets, computers, or other electronic devices that can connect to the internet. Before the DOJ’s request, SBF was known to play online video games, use Twitter, and he recently created a Substack blog to explain his side of the story.

Tags in this story
Alameda Research, bail conditions, ceo, chat communication, Computers, Damian Williams, department of justice, DOJ, DOJ-controlled serial number, electronic devices, encrypted messengers, ftx, government-issued flip phone, IMEI number, IMSI number, Internet Access, internet capability, judge Lewis Kaplan, MAC address, monitoring software, online video games, pretrial services, SDNY, SDNY attorney, SIM number, smart devices, smartphones, SMS text messaging, specified VPNs, Substack, Tablets, temporary measures, Twitter, video game devices, voice calls, voice communication, VPN, whitelisted websites

What do you think about the government’s proposed restrictions on Sam Bankman-Fried’s internet access and use of electronic devices? Share your thoughts in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

FinovateEurope 2023 Sneak Peek: JJCFinTech

Next Post

Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report

Next Post

Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report

Recommended

5 Best Infrastructure Stocks to Buy

January 19, 2023

How to Manage Inflation Risk: The Local Inflation Factor

November 26, 2022

Don't miss it

Investment

DC 2.0: Three Paths to More Equitable Retirement Programs

March 26, 2023
News

How to Create Cash Flow & Cutting Costs On a Home Renovation

March 26, 2023
News

Banking crisis pushed over $286B to money market funds in two weeks: Report

March 26, 2023
Digital Payment

Greenpeace Unveils ‘Skull of Satoshi’ to Spark Debate Over Bitcoin’s Environmental Impact; Creator Clarifies It ‘Wasn’t Meant to Be Anti-Bitcoin’ – News Bitcoin News

March 26, 2023
Banking

Three Takeaways from FinovateEurope 2023

March 26, 2023
Banking

Omnichannel Payments Provider Qolo Inks Partnership with PayQuicker

March 26, 2023

© 2022 Financial Tips News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Investment
  • Digital Payment
  • Banking
  • Contact us

© 2022 Financial Tips News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/