FTX founder Sam Bankman-Fried’s bail agreement was modified Tuesday, barring him from accessing or transferring funds related to FTX or Alameda Research as a new bail condition.
The plea was filed by Assistant U.S. Attorney Daniel Sassoon at a Bankman-Fried appearance in Manhattan on behalf of the government. Judge Lewis A. Kaplan, presiding over the Bankman-Fried case, granted the measure.
At trial, Bankman-Fried pleaded not guilty to eight criminal charges, which include fraud and money laundering. During the trial, Bankman-Fried’s trial date was also set for October 2.
The change follows last week’s activity involving Alameda-related portfolios. Just days after Bankman-Fried was released on bail, about $1.7 million worth of cryptocurrency linked to Alameda was transferred to coin mixers, programs often used to hide trading activity. according to Arkham Intelligence.
After being detained in the Bahamas and spending several days in a correctional facility, Bankman-Fried was released upon her return to the United States. he agreed to electronic surveillance, house arrest, among other demands.
Alameda is a trading company of Bankman-Fried that was founded before the launch of FTX. Part of the charges Bankman-Fried faces stem from allegations that client funds were mistakenly transferred to Alameda to finance its risky investments.
After rumors of last week’s transfers began to circulate, Bankman-Fried tweeted for the first time since his arrest in the Bahamas, denying that he was behind the activity involving the Alameda wallets.
“None of these are me,” he said on Twitter. “I can’t and won’t move any of those funds, I no longer have access to them.”
In a statement Tuesday, Bankman-Fried attorney Mark Cohen reiterated that the transfers did not implicate his client. In addition, Cohen said that he contacted the government on this issue.
In proposing the amended bail agreement, Assistant U.S. Attorney Sassoon said federal prosecutors do not know whether Bankman-Fried made the last transfers linked to Alameda, but said she had access to the wallets at one point and insisted she did not. embarrass CEO claims. Because of previous false statements made on Twitter, it could be trusted.
As an example, Sassoon cited a tweet by Bankman-Fried just days before FTX filed for bankruptcy in November. “FTX ok. Assets good,” Bankman-Fried said in a now-deleted tweet.
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