Sam Bankman-Fried can have flip phone, limited internet while on bail, US proposes

Sam Bankman-Fried should be allowed while on bail to have a flip phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices, the US Department of Justice said.

The proposal to limit the indicted FTX cryptocurrency exchange founder’s communications was filed late on Friday in Manhattan federal court, on behalf of the government and Bankman-Fried’s defence team.

It requires approval by US District Judge Lewis Kaplan, who oversees the case.

Kaplan had signalled at a Feb. 16 hearing that he might jail the 30-year-old Bankman-Fried for testing the limits of his $250 million bail package by communicating in ways that could not be monitored.