A U.S. judge on Thursday extended a ban on FTX cryptocurrency exchange founder Sam Bankman-Fried's ability to contact employees of companies he once controlled and use encrypted messaging technology while out on bail awaiting trial on fraud charges.
"I am far less interested in the defendant's convenience" than in preventing possible witness-tampering, Kaplan said at a hearing in Manhattan federal court.
Defense lawyers have argued that Bankman-Fried's efforts to contact an FTX general counsel and its new chief executive John Ray were attempts toBankman-Fried, accused by prosecutors of cheating investors and causing billions of dollars in losses, pleaded not guilty on Jan. 3 to eight criminal charges including wire fraud and money laundering conspiracy. He faces up to 115 years in prison if convicted, though any sentence would ultimately be determined by a judge based on a range of factors.
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