US prosecutors submit a new petition to ban SBF

US prosecutors

TL;DR Breakdown

  • US prosecutors want stringent bail conditions for SBF
  • The prosecutors wary of witness tampering
  • SBF used Signal for obstruction in the past

US prosecutors have submitted a new petition to the court to ensure that the conditions set for Sam Bankman Fried’s bail conditions are tightened. According to the details of the petition, the prosecutors want to prevent him from tampering with witnesses. In addition, the prosecutors want to ensure that the former FTX boss is prohibited from further contact with former or new employees of his now-defunct company or its subsidiary, Alameda.

US prosecutors wary of witness tampering

According to the US prosecutors, the former FTX boss contacted the present legal counsel of FTX, Ryne Miller, via e-mail and Signal. The US prosecutors argued that SBF texted the counsel to influence his testimony in court. In the document, the prosecutors mentioned that he reached out to Miller about their current relationship. SBF also urged the counsel to ensure they fix their relationship to benefit from each other in the future. The prosecution also asked the court to ensure that the former FTX boss is prohibited from using encrypted communication to contact witnesses in the future.

SBF used Signal for obstruction in the past

Asides from that, the prosecutors also mentioned that SBF had a history of using Signal to obstruct justice, as it has been a pattern over the last few years. For example, some months before authorities apprehended him in the Bahamas, SBF sent a message to a group chat on Signal to prove his innocence over the wire fraud allegations. The group chat was said to have included top executives of the now-defunct FTX. Some parties included Alameda CEO Caroline Elisson, co-founder of FTX Gary Wang, and a few executives.

Authorities also alleged that Elisson used the group to communicate secret information to the parties in the build-up to the eventual collapse of both Alameda and FTX. This latest statement is coming off the back of FTX lawyers urging the court to invite immediate members of Bankman Fried’s family to answer questions regarding the source of their wealth. The counsel also wants them to answer questions about the instances where they have benefited financially from FTX before the incident. The parties listed in the document include the mother, father, and brother of Sam Bankman Fried.

The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Owotunse Adebayo

Owotunse Adebayo

Adebayo loves to keep tab of exciting projects in the blockchain space. He is a seasoned writer who has written tons of articles about cryptocurrencies and blockchain.

Related News

Hot Stories

Avalanche price analysis: AVAX/USD price slip below $18.00 after bears strike
ChainLink price analysis: LINK obtains bullish momentum at $7.2
VVS Crypto Price Prediction 2023 - 2032: Is VVS Finance a Good Investment?
Aave Price Prediction 2023-2032: Is AAVE a Good Investment?
Spell Price Prediction 2023-2032: Will SPELL Cross $1?

Follow Us

Industry News

Crypto.com gets MVP preparatory license from Dubai regulatory authority
AI-based project reported to have stolen nearly $1m from users
UBS sees shares plummeting after Credit Suisse bailout
More than 80 crypto companies have expressed interest in Hong Kong, Financial Secretary reveals
Flagstar acquires Signature Bank but excludes its crypto operations

Add Your Heading Text Here