Lawyers for Sam Bankman-Fried said they reached an agreement with U.S. prosecutors on Monday on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency exchange founder to jail pending trial.
Under some of the proposed new conditions, Bankman-Fried would have a new phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices.
In Monday's letter, Bankman-Fried's parents agreed to restrict his access to their devices, while also signing sworn affidavits to not bring prohibited electronic devices into their home. U.S. District Judge Lewis Kaplan, who is overseeing Bankman-Fried's case, would need to approve the new terms before they go into effect.
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