Judge orders Samuel Bankman-Fried to stop using a VPN after his lawyers claim he only used one to watch the Super Bowl
Lawyers for Sam Bankman-Fried said Tuesday that their client used a VPN to watch the Super Bowl.A judge on Tuesday ordered Bankman-Fried to stop using a VPN.
When prosecutors discovered that the indicted founder of the FTX cryptocurrency exchange was using a virtual private network to access the internet, they expressed concern that he was potentially using it to trade crypto, in violation of his bail terms, or to access the so-called"dark web," a hotbed of illicit activity.
To allay any concerns, however, the attorneys said Bankman-Fried would immediately stop using the VPN. On Tuesday afternoon, Judge Kaplan made that a condition of his bail, adding the use of a VPN to a list of other prohibited internet activities,. Bankman-Fried was already prohibited from using encrypted messaging apps, in part due to concern he could seek to intimidate or influence FTX employees. Use of a VPN, Kaplan ruled,"presents many of the same challenges."
In December, Bankman-Fried was charged with eight counts of fraud and conspiracy related to"misappropriating" customer funds at FTX, which filed for bankruptcy last November. Prosecutors allege that Bankman-Fried used deposits in the cryptocurrency exchange to finance investments placed through Alameda Research, another company he founded.Sign up for notifications from Insider! Stay up to date with what you want to know.
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