The Morning After: The Justice Department wants to keep Sam Bankman-Fried on a flip phone | JP

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FTX founder and former CEO Sam Bankman-Fried may be stuck using a feature phone. In a letter seen by Bloomberg, prosecutors said Bankman-Fried’s lawyers had agreed to modify the terms of his bail agreement. Provided the judge overseeing the case agrees to the changes, SBF will be restricted to using a “non-smartphone” without internet connectivity. Unless a lawyer is present, he will also be forbidden from contacting current or former FTX and Alameda Research employees. The proposed restrictions came after Bankman-Fried allegedly attempted to contact the general counsel of FTX’s US subsidiary over Signal at the start of the year. District Judge Lewis Kaplan threatened to revoke Bankman-Fried’s bail and send him to jail before the start of his trial after learning the disgraced entrepreneur may have influenced potential witnesses.

Under the modified bail agreement, SBF would be allowed to use a laptop to surf the web, but his access would be filtered through a VPN that would limit him to two categories of websites. One category would include resources his defense team says are critical to his case. The other has 23 websites SBF could use to order food, read the news and watch streaming content.

– Mat Smith

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