Sam Bankman-Fried to propose revised bail package soon.

1 min read
Source: Reuters
Sam Bankman-Fried to propose revised bail package soon.
Photo: Reuters
TL;DR Summary

Lawyers for Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, are close to reaching a new bail agreement with US prosecutors. Bankman-Fried is facing charges of stealing billions of dollars in FTX customer funds and making illegal political donations. The judge has expressed concerns about his electronic communications and has not yet approved the proposed restrictions. Bankman-Fried's lawyers have requested permission for him to use a laptop to access some FTX materials, which would be overseen by a lawyer or paralegal.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

1 min

vs 2 min read

Condensed

77%

35881 words

Want the full story? Read the original article

Read on Reuters