In an effort to keep the founder of FTX out of jail until his trial, Sam Bankman-attorneys Fried’s have agreed to pay for a security expert to assist the federal judge presiding over his fraud case in navigating technological obstacles. They are hoping that the expert’s assistance will prevent their client from having to serve any time in jail prior to his court date.
Bankman-counsel Fried’s concurred with his suggestion that the judge hire a security expert who would only work for him in a letter to Judge Lewis Kaplan. At the end of the week, they promised, they would present potential prospects.
At a bail hearing last week, Judge Kaplan recommended that Bankman-attorney Fried’s employ a technical specialist to assist him in navigating the difficulties provided by encryption, vanishing messages, and virtual private networks, or VPN. The attorney for Bankman-Fried is still attempting to interpret what the judge meant.
Bankman-Fried needs access to communication channels so he may plan his defence against any potential abuse of those applications or VPNs, and the judge has been trying to figure out how to provide him access. In relation to many allegations of fraud and conspiracy, Bankman-Fried has entered a not guilty plea.
Prosecutors requested tight bail restrictions restricting the cryptocurrency entrepreneur’s use of chat services after growing concerned that Bankman-Fried had contacted a former FTX employee who is a government witness. Concerns among Bankman-friends Fried’s and family have grown as a result of her recent use of a VPN. Bankman-Fried utilised a VPN again just a few days after a bail hearing where the judge voiced worry about the usage of encryption. According to the judge, there may be solid evidence that Bankman-Fried broke the law while on bail as a result of the outreach.
According to Bankman-attorneys, Fried’s speaking with the former employee and using a VPN were “essential.” They further disclosed to the judge that FTX’s legal counsel advised them that a VPN would be required in order to access records and information stored on a cloud server.
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