February 26, 2026
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Technology

Judge ponders next move in FTX mega-fraud case

Disgraced crypto foreign money dealer Sam Bankman-Fried has been admonished by a decide for violating the phrases of his home arrest by utilizing unauthorized means to speak with the surface world.

US District Decide Lewis Kaplan, who oversees the case has signaled that he may jail the 30-year-old Bankman-Fried for testing the bounds of his $US250 million ($A369 million) bail bundle.

Federal prosecutors have requested that he be allowed solely a fundamental “flip cellphone” with no web functionality and a laptop computer with restricted features whereas being forbidden the usage of different digital communication units, the US Division of Justice says.

The proposal to restrict the indicted FTX cryptocurrency change founder’s communications was filed in Manhattan federal court docket, on behalf of the federal government and Bankman-Fried’s protection staff.

Again along with his dad and mom

Decide Kaplan stated he didn’t wish to set Bankman-Fried “free on this backyard of digital units,” following accusations that Bankman-Fried tried to contact attainable authorities witnesses and used a digital personal community to observe soccer.

Bankman-Fried pleaded not responsible after prosecutors stated he stole billions of {dollars} of FTX buyer funds to plug losses at his Alameda Analysis hedge fund. He faces 12 legal costs below an indictment made public on February 23.

The proposed non-smartphone for Bankman-Fried could be restricted to voice calls and SMS textual content messages.

Laptop computer web use could be restricted to specified digital personal networks, 23 web sites for private use overlaying information, together with Reuters, sports activities and meals supply, and web sites to assist Bankman-Fried put together for his scheduled October 2 trial.

Bankman-Fried resides below home arrest along with his dad and mom, each Stanford Regulation Faculty professors, in Palo Alto, California.

The dad and mom agreed to submit sworn affidavits that they’d not deliver different digital units into their house or let their son use theirs.

Additionally they agreed that every system would carry software program that periodically takes movies or pictures of the person, which court docket officers could be allowed to evaluation, the letter stated.

Bankman-Fried’s legal professionals didn’t instantly reply on Saturday to requests for remark.

-AAP



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