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A federal judge said he was not satisfied with a plan that lawyers for the disgraced FTX founder struck with prosecutors to limit his use of encrypted messaging apps.
Federal prosecutors in Manhattan are speaking with lawyers for former officials at the collapsed crypto exchange FTX and scrutinizing the immediate family of its founder, Sam Bankman-Fried.
The move followed the disgraced cryptocurrency executive’s attempt to contact a potential witness in his criminal case, prosecutors said.
After the collapse of FTX, prosecutors and lawyers have scrutinized its discredited founder’s huge investment in Modulo Capital.
Sullivan & Cromwell was under attack for a potential conflict of interest tied to its work for the crypto exchange before the bankruptcy.