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US Judge Rejects Bankman-Fried's Bail Modification Request
The former FTX CEO's attorneys and prosecutors made a joint request to allow him to use certain messaging apps on Monday.
A federal judge rejected a joint request to modify Sam Bankman-Fried's bail conditions to allow him to use certain messaging tools.
U.S. District Judge Lewis Kaplan, of the Southern District of New York, said the motion is "denied without prejudice" until a hearing on Thursday. An attorney for the former FTX exchange CEO requested on Monday that he be allowed to use certain unencrypted messaging applications, as well as WhatsApp with the use of monitoring software.
STORY CONTINUES BELOW
The attorney, Mark Cohen, said prosecutors had agreed to the proposed modifications, which would have allowed Bankman-Fried to use apps such as FaceTime, Zoom, email and others. He would also be allowed to use WhatsApp, but those conversations would be monitored with logging software.
He would not be allowed to use Signal or similar apps, under the proposed modifications.
Cohen said that if the judge signed off, the defense would "withdraw its request to remove the asset transfer condition" and ask for Thursday's hearing to be canceled.
Judge Kaplan said oral arguments will continue. The hearing is set to begin at 10:30 a.m. ET on Thursday.
UPDATE (Feb. 7, 2023, 16:00 UTC): Adds additional detail.
Nikhilesh De
Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. When he's not reporting on digital assets and policy, he can be found admiring Amtrak or building LEGO trains. He owns < $50 in BTC and < $20 in ETH. He was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.
