Federal prosecutors of the Southern District of New York overseeing the current case against Sam Bankman-Fried, the disgraced founder and former CEO of FTX, want the court to impose tighter bail conditions on the defendant. SBF Using Signal Based on their investigations, they discovered that Sam Bankman-Fried, also known as SBF, had messaged the general counsel of FTX US via Signal. Signal is a messaging app similar to WhatsApp. The platform offers instant messaging across platforms, allowing people to communicate privately. Signal creators’ primary focus is on security and privacy. The application is run as a non-profit managed by a foundation. Over 40 million people use it, and per court filings, SBF is one of them. Investigators said messages sent to the general counsel of FTX US, an individual who can be a potential witness in the ongoing criminal case against SBF, were “suggestive of an effort to influence a witness’ potential testimony.” On January 15, SBF, prosecutors say, messaged the general counsel asking if they could “reconnect” and “if there’s a way for (for them) to have a constructive relationship, use each other as resources.” Related Reading: Scaramucci: FTX Cannot Be Saved, Sam Betrayed Me Investigators claim these messages are concerning because, considering the nature of the current investigation, the general counsel might have access to information that might help indict the defendant. For his action, federal prosecutors are asking the overseeing judge to prevent SBF from communicating with former employees and to stop using Signal. His continued communication would be contrary to the bail terms. Even in his house arrest, the former CEO continues to receive visitors. For instance, there are reports that author Michael Lewis visited SBF. He is writing a book about the crypto entrepreneur. The Collapse Of FTX SBF managed FTX, an exchange that was at one point one of the most liquid in the world, only after Binance and Coinbase, since launch. However, it later emerged that through Alameda Research, SBF was misusing user funds to recklessly trade, invest in crypto projects, and donate to U.S. political parties. Falling crypto prices also accelerated the collapse. Related Reading: Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish? Following the collapse of FTX and the revelation of the extent of SBF’s misappropriation, U.S. authorities are charging the 30-year-old with, among others, money laundering, fraud, and campaign finance violation. SBF is out on a $250 million bond and has pleaded not guilty to all the charges against him. Apart from the various interviews he did earlier before his arrest, it has emerged that the former CEO has begun mounting a defense of his own. Recently, it was revealed that he had been laying out his turn of events leading to the collapse of FTX on Substack, a media platform. Feature image from Canva, Charts from TradingView
View full article at NewsbtcBackground Photo by Shamim Nakhaei on Unsplash
Quant Hedge Fund Two Sigma Hirin...
Cream Plunges on News That Hack ...
Indian National Congress Accuses...
CoinTelegraph (cointelegraph.com)
Blockchain-based private loans h...
Bitcoin won’t be beaten as dig...
Daily gas spent on EVM inscripti...
Bitcoin News (news.bitcoin.com)
Reserve Bank of New Zealand Rele...
Halving Milestone: Block 840,000...
Bitcoin Miners Ramp Up Hashrate ...
IRS Reveals Preliminary Tax Repo...
Binance CEO Vows Cooperation Wit...
Komodo CTO Warns That Bitcoin Is...
DTX Set for a 500% rise outshini...
BlockDAG Captures the Limelight ...
ETH Ecosystem Continues to Face ...
FTX investors agree to drop civi...
Hong Kong-based HashKey to cease...
FTX empties FTT treasury wallet,...
Uniswap Resurgence Incoming? Ana...
Shiba Inu Burn Rate Sees 81% Dai...
Bitcoin Halving Could Catalyzed ...
CryptoGazette (cryptogazette.com)
Another Day, Another Banking Sca...
US Banking Giant Pays $249,000,0...
Cardano To Explode by Over 1,300...
Bitcoin’s $109M outflow: A dip...
Shiba Inu: Should you trust this...
BAYC’s 3-year low: Will NFT ma...
XRP Price on the Horizon: Analys...
Solana Fans Swarm to Rising Cryp...
Will Bitcoin Halving Spell Doom ...
Celebrities May Have Their Dirty...
3 Ways Bitcoin Traders Can Spot ...
Blockchain as an Infrastructure:...
BinaryX Releases RhinoX Whitepap...
StreamCoin’s 1st Anniversary: ...
Ukrainian Real Agriculture Busin...
Benchmark Protocol (medium.combenchmarkprotocol)
Benchmark Protocol celebrates 1 ...
Benchmark Protocol Integrates Ch...
Bitcoin Magazine (bitcoinmagazine.com)
ViaBTC Just Mined the 4th Ever B...
MicroStrategy to Host Bitcoin Fo...
Bitcoin.com (news.bitcoin.com)
Foundry to Isolate and Monetize ...
SEC Amends Lawsuit Against Tron ...
Bitcoin Barely Bobbles After Hal...
The Race Is On to Mint One of th...
Volatile Roller Coaster: BTC Jum...
Weeks after Solana’s meme coin...
Two years after blowing up his o...
This Bitcoin halving is the most...