{"id":301220,"date":"2023-03-29T11:30:34","date_gmt":"2023-03-29T06:00:34","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=301220"},"modified":"2023-03-29T10:57:37","modified_gmt":"2023-03-29T05:27:37","slug":"what-sam-bankman-frieds-revised-bail-terms-entail","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/what-sam-bankman-frieds-revised-bail-terms-entail\/","title":{"rendered":"What Sam Bankman-Fried\u2019s revised bail terms entail"},"content":{"rendered":"<ul>\n<li><em>Sam Bankman-Fried&#8217;s lawyers and prosecutors have agreed upon modified bail terms for the disgraced CEO.<\/em><\/li>\n<li><em>The revised terms include a cell phone for SBF with no internet connectivity and a laptop with monitoring software.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Sam Bankman-Fried\u2019s defense team and the prosecutors assigned to his case have agreed over the terms of the disgraced crypto tycoon\u2019s bail conditions. The modified bail terms will apply to the former <a href=\"http:\/\/ambcrypto.com\/ftx-to-claw-back-460-million-from-sbf-backed-hedge-fund\/\" target=\"_blank\" rel=\"noopener\">FTX<\/a> CEO while he awaits trial in the criminal case filed against him by the United States Department of Justice.\u00a0<\/span><\/p>\n<h3><b>SBF to use a phone with no internet access<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">According to the <a href=\"https:\/\/www.courtlistener.com\/docket\/66631291\/united-states-v-bankman-fried\/?filed_after=&amp;filed_before=&amp;entry_gte=&amp;entry_lte=&amp;order_by=desc\" target=\"_blank\" rel=\"noopener\">documents<\/a> filed in the U.S. District Court for the Southern District of New York, Sam Bankman-Fried will be allowed to use a cellphone with no internet connection. The phone would allow the disgraced CEO to make phone calls and communicate through SMS. All other communication devices are off-limits for SBF.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bankman-Fried will also have access to a laptop with restricted access, which will only let him view pre-approved websites. The laptop will have monitoring software to track SBF\u2019s activities. Additionally, in the event that there is a reasonable suspicion of violation, the devices will be called for a search.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The prosecutors have agreed to let Sam Bankman-Fried remain at his family home in Palo Alto, California. But this will be allowed only if his parents agree to certain conditions. These include not letting him access their personal devices and not letting him bring unauthorized devices into the residence. All conditions have reportedly been agreed upon. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the modified bail terms are subject to approval from Judge Lewis Kaplan, who is overseeing the criminal case.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Calls for stricter bail terms intensified last month after prosecutors found out that SBF had contacted former employees to influence their testimony. Judge Kaplan warned that SBF\u2019s house arrest may be revoked and he could be sent to jail over his actions. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sam Bankman-Fried&#8217;s lawyers and prosecutors have agreed upon modified bail terms for the disgraced CEO. The revised terms include a cell phone for SBF with no internet connectivity and a laptop with monitoring software. Sam Bankman-Fried\u2019s defense team and the prosecutors assigned to his case have agreed over the terms of the disgraced crypto tycoon\u2019s<a href=\"https:\/\/ambcrypto.com\/what-sam-bankman-frieds-revised-bail-terms-entail\/\">Continue reading <span class=\"sr-only\">&#8220;What Sam Bankman-Fried\u2019s revised bail terms entail&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":301240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4,20],"tags":[],"class_list":["post-301220","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What Sam Bankman-Fried\u2019s revised bail terms entail - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Sam Bankman-Fried&#039;s lawyers and prosecutors have agreed upon modified bail terms for the former CEO of FTX.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/what-sam-bankman-frieds-revised-bail-terms-entail\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Sam Bankman-Fried\u2019s revised bail terms entail - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Sam Bankman-Fried&#039;s lawyers and prosecutors have agreed upon modified bail terms for the disgraced CEO. 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