The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions.
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Lawyers questioned a judge's decision to revoke bail on Aug. 11, claiming SBF speaking to a journalist about Caroline Ellison was "protected First Amendment activity".
Roman Storm’s lawyer Brian Klein said the developer was released on bail on Aug. 24, the day after the U.S. DOJ announced the charges related to money-laundering and other alleged violations.
Judge Lewis Kaplan reportedly cited SBF's alleged attempts to influence or intimidate witnesses in the criminal case including a former FTX US general counsel and Caroline Ellison.
Prosecutors and defense lawyers agreed to a bail modification having the former Celsius CEO under electronic monitoring and largely be restricted from moving funds over $10,000.
The letter revealed that on January 15, 2023, the defendant reached out to the current General Counsel of FTX U.S., who could potentially serve as a witness in the trial.
The Terra Labs co-founder will be held for up to six months while the Montenegrin court considers South Korea’s extradition request.
The Terraform Labs co-founder is out on bail after a successful appeal in Montenegro but will be closely monitored until his next court appearance.
The Montenegro court accepted the offered bail in the amount of $436,000 per person for Do Kwon and his former aide Han Chang-joon.
Surveillance software installed on Sam Bankman-Fried’s parents’ phones will track every minute of their activity across browsers, messaging and calls.