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News Explorer — Agreement Nears on Sam Bankman-Fried's Bail Conditions, Communications Restrictions

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Mar 18, 2:36 am
Reuters

Agreement Nears on Sam Bankman-Fried's Bail Conditions, Communications Restrictions

Lawyers for Sam Bankman-Fried are close to an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange founder. U.S. District Judge Lewis Kaplan has expressed concerns that Bankman-Fried's electronic communications with others might exceed the bounds of his $250 million bail package. Bankman-Fried has pleaded not guilty to eight counts and is living under house arrest with his parents in Palo Alto, California.

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