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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Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.