Crypto News: SBF To Face Court Over Bail Condition Violation
Also Read: Big Day For Crypto As US House Votes On Multiple Digital Asset Bills
SBF Broke Bail Conditions?
As per reports, prosecutors raised a concern of witness tampering as SBF handed over personal writings by Caroline Ellison to a New York Times reporter. Caroline the former chief executive of crypto hedge fund, Alameda Research has pleaded guilty. However, she is expected to testify against SBF in the fraud case.
The prosecutors suggested that Sam Bankman-Fried’s motive for sharing crucial documents is an attempt to tamper with the witness. This is being done to cast Caroline in a bad light and send a message through press media that she committed these crimes alone,
District Judge Lewis Kaplan was directed by the U.S. Attorney’s office in Manhattan to restrict SBF from giving out public statements linked to the case. As per some proposed conditions, SBF was required to operate a phone with no internet connection and basic laptop restricted functions. Read More Crypto News Here…
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Must ReadHowever, SBF’s parents agreed to limit his access to their devices while under house arrest. They also signed the affadavits to not bring prohibited electronic devices in the house.
Judge Lewis Kaplan scheduled the hearing in the Manhattan federal court at 2 p.m. EDT. The hearing will consider the continuation of the current bail conditions. It should be noted that this is not the first time that the judge has interrogated SBF’s bail terms.