FTXformer CEO Sam Bankman-Fried (SBF), a revised letter to the presiding judge plans to offer a surety package.
Former CEO of bankrupt FTX SBFcontinues to struggle with legal processes. What caused the collapse of the crypto industry last year FTX crisis, millions of investors suffered. CEO of FTX at the time SBF, $250,000 bail was sentenced to house arrest.
However, the trial judge SBFHe began to feel uncomfortable with the use of technology under house arrest. aiming to solve these problems SBFis on a revised bail package aimed at satisfying the judge of the case.
SBF Focused on Revised Bail Plan
Sam Bankman-Fried (who is held responsible for FTX and the crypto industry)SBF), with a $250 million bail He was sentenced to house arrest.
Under house arrest with his family with a tracking device on his ankle SBF, VPN ve encrypted messaging He drew the reactions of US District Judge Lewis Kaplan for using his practices.
KaplanIf not satisfied with the restrictions, cancel the bail package and withdraw the SBF. October hearing before threatened to send him to jail.
The SBF’s attorney wrote to the judge the other day that the SBF and federal prosecutors that they are “working diligently to agree on a set of specific bail conditions that will address the concerns raised by the government and the court” expressed.
Finally SBF’s lawyerthat they are close to solving the problems and that they are going to court in up to a week. that they will propose the revised bail package stated.
