• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

Sam Bankman-Fried Should Be Cut Off From the Internet: Prosecutors

Crypto Newsmart by Crypto Newsmart
3 years ago
in Blockchain, Crypto Updates
Reading Time: 3 mins read
26
VIEWS
Share on Facebook
Sam Bankman-Fried Should Be Cut Off From the Internet: Prosecutors

 

Key Takeaways

  • U.S. attorney Damian Williams wants Sam Bankman-Fried’s use of cellphones, tablets, computers, and the internet to be severely limited.
  • Bankman-Fried recently used a VPN on two occasions; he also used Signal to contact a former employee.
  • Williams argues that Bankman-Fried is too computer-savvy to be granted Internet access while on bail.

Share this article

Since he’s so willing to circumvent his bail conditions, Sam Bankman-Fried should be cut off entirely from the internet while he awaits trial, say prosecutors.

A Technologically Sophisticated Person

Prosecutors want to tighten Sam Bankman-Fried’s bail conditions yet again.

United States Attorney Damian Williams submitted a letter yesterday to Judge Lewis Kaplan arguing that the court should limit Bankman-Fried’s use of cellphones, tablets, computers, and Internet while he awaits trial.

The request follows prosecutors’ discovery on February 13 that the disgraced crypto founder had used a virtual private network (VPN) on at least two occasions recently to access the internet. Bankman-Fried claimed that he’d only used a VPN to access his NFL Game Pass (which he had purchased in the Bahamas) to watch the AFC and NFC championship games on January 29, and the Super Bowl on February 12. Williams pointed out that Bankman-Fried didn’t need his Game Pass to watch the Super Bowl, since it aired on cable television. 

Williams also highlighted Bankman-Fried’s recent reaching out to FTX US general counsel Ryne Miller through encrypted messaging app Signal. On January 15 Bankman-Fried sent a message to Miller stating that he’d “really love to reconnect and see if there’s a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.” 

Prosecutors claimed the message was a potential attempt at influencing a witness’ testimony, or even at intimidating Miller into not testifying against him. The court thereafter banned Bankman-Fried from using encrypted messaging apps or reaching out to former employees without a lawyer being present.

However, Williams argued in his letter yesterday that Bankman-Fried was a “technologically sophisticated person with both the ability and the inclination to seek workarounds” to his bail conditions, and that only banning him from accessing the internet altogether—except for matters regarding his case—would prevent further witness tampering. He also stated that Bankman-Fried’s use of a VPN indicated that he could have been responsible for illegally moving over $800,000 in funds associated with Alameda Research back in December.

Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other crypto assets.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source link

14 Best DeFi Coins to Buy in 2023

Related Posts

Strategy confirms Bitcoin purchases are unaffected by new Nasdaq rules
Crypto Updates

Strategy confirms Bitcoin purchases are unaffected by new Nasdaq rules

7 September 2025
September to Mark Bitcoin’s Cyclical Low, Bull Run Nears Final Stages: Bitfinex Alpha
Crypto Updates

September to Mark Bitcoin’s Cyclical Low, Bull Run Nears Final Stages: Bitfinex Alpha

4 September 2025
Siton Mining Launches New XRP Cloud Mining Application, XRP Powers BTC Mining Machines
Crypto Updates

Siton Mining Launches New XRP Cloud Mining Application, XRP Powers BTC Mining Machines

1 September 2025
21Shares pushes into altcoin ETFs with new SEI filing
Crypto Updates

21Shares pushes into altcoin ETFs with new SEI filing

29 August 2025
Saros Rockets Over 100% After Flash Crash: What’s Going On?
Crypto Updates

Saros Rockets Over 100% After Flash Crash: What’s Going On?

26 August 2025
ChatGPT’s Bitcoin Analysis Flags 6K Rebound, But Will Powell’s Rate Cut Truly Spark Optimism? – Here’s What Data Says
Crypto Updates

ChatGPT’s Bitcoin Analysis Flags $116K Rebound, But Will Powell’s Rate Cut Truly Spark Optimism? – Here’s What Data Says

23 August 2025

[convertful id="153816"]

by CurrencyRate.Today
  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Preferences
{title} {title} {title}