Crypto News

Sam Bankman-Fried Secures Small Victory in Court

SBF legal team

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.


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