Sam Bankman-Fried’s Super Bowl VPN Use Prompts Government Concern
U.S. prosecutors worry he could use the privacy tool to access foreign crypto sites or the dark web while on bail.
Sam Bankman-Fried, founder of collapsed crypto exchange FTX, has been using a virtual private network (VPN) to access the internet, U.S. prosecutors have said, potentially prompting a further clampdown on his bail conditions.
After learning he had used the privacy tool twice over recent weeks, “the Government promptly informed defense counsel and raised concerns about the defendant’s use of a VPN,” said a letter from the U.S. attorney Danielle Sassoon to Judge Lewis Kaplan, dated Feb. 13.
VPNs allow internet users to mask their whereabouts, which means the government can’t see what websites or data they access. Though they can be used benignly, they can also be used to access foreign crypto sites that block U.S. users and covertly access the dark web, Sassoon's letter said.
In a response dated Feb. 14, Bankman-Fried’s attorney Mark Cohen said he had the VPN to watch playoffs in the National Football League (NFL), and the Super Bowl, via an international subscription. Cohen said he's willing to allow a “reasonable” bail condition on VPNs, and that Bankman-Fried won't use one in the interim.
The court has already restricted Bankman-Fried's ability to contact FTX employees using ephemeral messaging services like Signal.
Bankman-Fried was charged in December with multiple counts of fraud following the collapse of his crypto exchange FTX. He has pleaded not guilty and been released on bail.
Read more: Judge Bans Sam Bankman-Fried From Contacting FTX Employees and Using Signal
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Crypto group counters Wall Street bankers with its own stablecoin principles for bill

After the bankers shared a document at the White House demanding a total ban on stablecoin yield, the crypto side answers that it needs some stablecoin rewards.
알아야 할 것:
- The U.S. Senate's crypto market structure bill has been waylaid by a dispute over something that's not related to market structure: yield on stablecoins.
- The Digital Chamber is offering a response to a position paper circulated earlier this week by bankers who oppose stablecoin yield.
- The crypto group's own principles documents argues that certain rewards are needed on stablecoin acvitity, but that the industry doesn't need to pursue products that directly threaten bank deposits business.













