Facebook X (Twitter) Instagram
    Crypto AcademyCrypto Academy
    • Home
    • News
    • Price Predictions
    • Price Analysis
    • NFTs
    • Learn
    • Press Releases
    • Coins
      • Bitcoin
      • Ethereum
      • Cardano
      • Safemoon
      • Dogecoin
    • Advertise on Crypto Academy
    Facebook X (Twitter) Instagram Telegram
    Crypto AcademyCrypto Academy
    Home»News»Sam Bankman-Fried To Propose Revised Bail Package
    News

    Sam Bankman-Fried To Propose Revised Bail Package

    Rea K.By Rea K.March 19, 2023Updated:March 19, 20232 Mins Read
    Sam Bankman-Fried To Propose Revised Bail Package
    Share
    Facebook Twitter LinkedIn Email Reddit Telegram WhatsApp

    In the continuing FTX case, the attorney for crypto entrepreneur Sam Bankman-Fried (SBF) will shortly submit a new bail proposal before Judge Lewis Kaplan of the Southern District of New York. The action was taken in response to Kaplan’s criticism of SBF’s usage of virtual private network (VPN) services and encrypted communications applications while on bail.

    With a $250 million bail bond, SBF was able to avoid potential jail time throughout the legal procedures surrounding FTX’s demise. However, he used Signal, an end-to-end encrypted messaging platform, while out on bail to get in touch with former FTX and Alameda coworkers. SBF was prohibited from using these applications by Kaplan, who also threatened to lose his right to bail if he behaved improperly.

    In response to the court’s directive, Bankman-Fried’s attorney Christian Everdell stated on March 18 that SBF and the federal government “have been working diligently to agree on a set of specific bail conditions that will address the concerns expressed by the government and the court.” 

    SBF denies accusations that the funds belonging to FTX consumers were stolen. He could get 115 years in prison if proven guilty on all eight charges.

    The current administrators of FTX have disclosed that the previous executives of FTX and Alameda Research received $3.2 billion in payments and loans from FTX-affiliated firms throughout the ongoing reorganization of FTX.

    Sharing the FTX Debtors’ press release just issued: https://t.co/r7PlneGSXF

    — FTX (@FTX_Official) March 16, 2023
    Previous ArticleSwitzerland Preparing Emergency Measures for Credit Suisse Takeover
    Next Article Coinbase Plans to Go Global

    Related Posts

    Crypto Gaming Tokens Bullish in Recent Weeks

    Coinbase Shares Sold by Ark Invest

    First Bitcoin Halving Event Happened 11 Years Ago Today

    Crypto Gaming Tokens Bullish in Recent Weeks

    November 29, 2023

    Coinbase Shares Sold by Ark Invest

    November 29, 2023

    First Bitcoin Halving Event Happened 11 Years Ago Today

    November 29, 2023

    Arthur Hayes: The Rapid Expansion of Binance Led to the $4.3B Settlement

    November 29, 2023

    Cristiano Ronaldo Sued For Promoting Binance

    November 29, 2023
    Facebook X (Twitter) Instagram Telegram RSS
    • Home
    • Advertise on Crypto Academy
    • Terms and Conditions
    • Privacy Policy
    © 2023 Crypto-Academy.org. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version