NEW YORK - Lawyers for Sam Bankman-Fried are nearing an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange founder, who is trying to convince a skeptical judge he should remain free.
to plug losses at his Alameda Research hedge fund, and making large illegal political donations to buy influence in Washington, D.C. Prosecutors raised the specter of witness tampering in January after Bankman-Fried tried to contact Mr John Ray, who became FTX’s chief executive whenBankman-Fried’s lawyers have said their client was trying to help, not interfere.
That was too generous for Judge Kaplan, who said Bankman-Fried was “inventive” and could conceivably “find a way around” the restrictions without being caught.
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