Crypto

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.

story originally seen here