The US District Judge Lewis Kaplan’s decision to impose severe restrictions on Sam Bankman-Fried’s (SBF) communications in January had been a difficult one for the disgraced FTX boss.
After suffering through the blanket comms ban, Bankman-Fried’s defense team, led by Mark Cohen, has negotiated with prosecutors and won a reprieve.
SBF will be able to continue communication with current and former FTX employees, as well as family and friends, as long as he abides by a non-contact order.
In exchange for this, Cohen has agreed to impose a complete ban on SBF’s cryptocurrency activities and a $1,000 limit on personal transactions until the October trial.
This arrangement is expected to be a relief to the embattled former CEO, as well as those close to him, as the case against him continues.
