March 22, 2023

Former FTX CEO Sam Bankman-Fried has been asked by federal prosecutors to only use approved websites while he awaits trial. The prosecutors believe that restricting Bankman-Fried’s access to technology is necessary to prevent him from committing any further crimes while he is facing accusations related to the collapse of the bitcoin exchange.

The prosecutors have requested that Bankman-Fried be limited to using a “flip phone or other non-smartphone” and only a select group of websites that they have deemed safe for personal use. These websites include popular streaming services like Netflix and Spotify, as well as news websites such as Bloomberg, the New York Times, and The Block.

Bankman-Fried’s legal team has not yet responded to the request, but it is expected that they will argue against the restrictions, citing the potential impact on his personal and professional life. The former CEO has been a prominent figure in the cryptocurrency industry and has been involved in several high-profile projects.

The case against Bankman-Fried stems from allegations that he was involved in the manipulation of the bitcoin market, leading to the collapse of the exchange. He has denied the accusations and has maintained his innocence throughout the investigation.

The trial is expected to take place later this year, and the outcome could have significant implications for the cryptocurrency industry as a whole. Many experts are closely watching the case, as it could set a precedent for how regulators and law enforcement agencies approach similar cases in the future.

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