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Sam Bankman-Fried’s communication device will be a flip phone or some other “non-smartphone” without internet capabilities or such access disabled while he is out on bail, prosecutors said.
Prosecutors outlined the agreement limiting the FTX founder to texts and voice calls after his use of messaging apps while on bail angered a judge.
The subpoena called for information regarding the trading app's crypto business, as regulators crack down on the industry following the collapse of FTX.
One of the members of FTX co-founder Sam Bankman Fried's (SBF) inner circle will be pleading guilty to fraud charges, further isolating SBF.
Sam Bankman-Fried, the disgraced founder of crypto trading platform FTX, has been slapped with new bail restrictions after using a virtual private network (VPN).