SBF Banned From Using Online Messengers Under New Bail Agreement

U.S. prosecutors have reportedly agreed to allow Sam Bankman-Fried (SBF) to stay at home while restricting him from using some electronic devices and apps under a new bail agreement.

SBF, the CEO of Alameda Research and founder of crypto derivatives exchange FTX, had previously been arrested in connection with the SEC’s lawsuit alleging him with distributing unregistered securities.

In light of the new bail agreement, SBF is banned from the use of any social media and messaging platforms, including WhatsApp, Facebook, and Twitter.

Additionally, SBF must abstain from using any apps or services enabling anonymous communication, such as Signal, iMessage, and Telegram, unless he is granted prior approval.

SBF’s lawyer, Mike Leavey, said in a statement that SBF “looks forward to having his day in court.”

The new bail agreement marks the latest development in the ongoing SEC lawsuit against SBF, with the outcome of the case likely to have far-reaching implications for the crypto industry in the US.

This blog post is about the recent news that SBF has been banned from using online messengers under a new bail agreement. Sam Bankman-Fried is the CEO of Alameda Research and founder of crypto derivatives exchange FTX and had previously been arrested in connection with the SEC’s lawsuit alleging him with distributing unregistered securities.

It is important to keep track of developments such as this as it may have an impact on the future of the crypto industry in the US.