FTX Co-Founder Sam Bankman-Fried Seeks Removal of Bail Restrictions on Crypto Asset Transfers – Bitcoin News

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In a recent letter to the presiding judge, Sam Bankman-Fried’s SBF legal team has argued for the removal of unjust bail conditions. FTXcase FTXcollapse

Cohen stresses that the bail condition is “overbroad” and Bankman-Fried’s intentions to contact these individuals are attempts to “offer assistance in FTX’s bankruptcy process.” The lawyer notes that this type of communication “does not reflect misconduct.” Cohen gives an example, detailing that the government’s bail condition means that “Bankman-Fried could not speak to his therapist, who is a former FTX employee, without the participation of his lawyers.

While the government has raised concerns over Bankman-Fried’s use of Signal and “other ephemeral messaging applications,” Bankman-Fried’s legal team opines that the concerns are unwarranted. “The government’s proposed bail condition regarding ephemeral messaging applications should not be imposed,” Cohen’s letter to Judge Kaplan details.Additionally, Bankman-Fried is seeking rights to access specific crypto assets associated with FTX and the quantitative trading firm Alameda Research.

Bankman-Fried’s legal representation is urging the judge to drop the bail condition, as the team believes the conditions are unjustified. The government’s justification was bolstered by the recent transfers of FTX and Alameda-linked funds, Cohen detailed in the letter. However, Bankman-Fried has “repeatedly denied any involvement in the transfers” and he contacted the government as soon as he noticed the funds move.

Cohen concludes that it’s been three weeks since the conference, and the legal team assumes the government’s investigation has proven “that he did not access and transfer these assets.” If investigators have figured out that Bankman-Fried did not transact with the cited crypto assets, then “existing bail condition related to crypto asset transfers” should cease.

 

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You are very strong, intelligent, patient, and extremely smart. You can handle everything. I know it 100%💥

Why is he still not in jail?

Sam is a big scamer he should stay in prison 100 years

Phonenix Rising SBF

FEG 🚀🚀🚀

Powerful move by the SBF_Alameda to ensure justice is served. HODL tight, crypto is paving new roads for a brighter future. Bitcoin BTC

It's inspiring to see well-known blockchain advocates like Sam Bankman-Fried taking a stand for justice. Crypto is bringing more transparency to the financial system and this is a great example. HODL BUIDL

Dogebell_

He tried to corrupt the jury with encrypted messages, he should go wait in jail right away. sneakySBF

Lmao why does this guy feel too entitled & privileged

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