A federal judge presiding over the prison case towards former FTX CEO Sam “SBF” Bankman-Fried has ordered him to not have any contact with present or former employees of the alternate as a part of his bail situations.

In a Feb. 1 ruling, Judge Lewis Kaplan of the Southern District of New York mentioned Bankman-Fried was to be prevented from speaking with present or former employees of FTX or Alameda Analysis “except in the presence of counsel” as a way to stay free on bail by his trial. As a part of his ruling, Kaplan added that SBF couldn’t contact anybody with encrypted messaging functions like Signal — prosecutors claimed in earlier filings that the previous FTX CEO had used the app to achieve out to FTX US common counsel Ryne Miller.

“The undisputed information available to the Court regarding the ‘nature and seriousness of the danger [. . .] posed by [defendant’s continued] release’ on the existing conditions has changed substantially since he was released, and there appears to be a material threat of inappropriate contact with prospective witnesses,” mentioned Kaplan. “That risk, the Court finds, is clearly and convincingly sufficient to warrant the imposition of additional conditions pending the full argument of the cross-applications.”

In keeping with Kaplan, SBF was behind choices to robotically delete Slack and Signal communications between FTX and Alameda employees beginning in 2021, telling former Alameda CEO Caroline Ellison any potential authorized case could be harder to construct with out correct documentation. He additionally cited Signal messages with Miller and different strategies of contacting “other current and former FTX employees” in his ruling.

The judge has but to resolve on whether or not SBF might be barred from accessing FTX and Alameda funds as a part of his bail situations as nicely. The Justice Division argued in a Jan. 30 submitting that Bankman-Fried had reached out to FTX CEO John Ray to debate methods to entry the corporate’s funds. Judge Kaplan mentioned he would take heed to arguments on the matter in a Feb. 7 listening to.

Associated: FTX sister firm Alameda Analysis sues Voyager Digital for $446M

Bankman-Fried’s trial is scheduled to start in October within the U.S. District Courtroom within the Southern District of New York, the place he faces eight prison counts, together with wire fraud. FTX’s chapter case can also be at present underway within the District of Delaware, the place debtors just lately requested subpoenas for data and paperwork from SBF’s relations.


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The Obsessed Guy
Hi, I'm The Obsessed Guy and I am passionate about artificial intelligence. I have spent years studying and working in the field, and I am fascinated by the potential of machine learning, deep learning, and natural language processing. I love exploring how these technologies are being used to solve real-world problems and am always eager to learn more. In my spare time, you can find me tinkering with neural networks and reading about the latest AI research.

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