The FTX empire and its creator Sam Bankman-Fried (SBF) fell, and the entire world, along with it, observed it. The former CEO is currently subject to home arrest, which comes with regulations that must be followed. SBF’s lawyers argued against the same and presented the Judge with a new request.
According to a recent court filing, the former FTX CEO hopes to “resolve the lingering concerns” related to his release restrictions. In addition, SBF’s attorney, Mark Cohen, wrote,
“The parties would like to continue these discussions, which we are optimistic will lead to an agreement between the parties in the next few days and eliminate the need for further litigation.”
Judge Lewis Kaplan of the U.S. District Court changed the requirements for SBF’s bail earlier this week. The Judge prohibited the troubled CEO from contacting any FTX or Alameda current or former employees. He was barred from doing so when using Signal and other communications programs. This was carried out in response to the prosecution’s assertion that the former CEO had contact with these staff members, including Ryne Miller, the general counsel for FTX US.
SBF also tried to “provide help” to John Ray, the new CEO of FTX.
SBF To Stay “In Touch With Them”
The most recent court document asks the judge to permit SBF to contact them. pointing out that they were “a crucial source of personal support.” Cohen argued that SBF should speak with George Lerner, an internal therapist at the company.
He earlier got in touch with Miller and told him,
“I would really love to reconnect and see if there’s a way for us to have a constructive relationship, use each other as resources when possible, or at least vet things with each other.”
The Judge might not concur, but it is unlikely that the community would. The deadline for reply papers has now been moved to February 6 as of publication. The oral defense of the bail was postponed until February 9, 2023.