Sam Bankman-Fried, prosecutors reach new bail agreement

Lawyers for Sam Bankman-Fried said they reached an agreement with US prosecutors on Monday on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency exchange founder to jail pending trial.

Under some of the proposed new conditions, Bankman-Fried would have a new phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices.