Jan 31, 2023

Prosecutors ask court to stop Sam Bankman-Fried from using Signal

Posted by in category: encryption

He is trying to influence the witness, alleged prosecutors.

Prosecutors of the FTX trial in the U.S. have asked the court to tighten the norms of the bail given to former CEO Sam Bankman-Fried (SBF) and bar him from using the encrypted messaging app Signal, The New York Times.

David Dee Delgado/Getty.

Although Bankman-Fried has pleaded not guilty to the charges levied against him, prosecutors state that he was well aware of the transactions that were taking place at the crypto exchange, which led to a sharp liquidity crunch and later its downfall. Billions of investor money have been lost and prosecutors claim that Bankman-Fried directed top brass at the company to hide liabilities worth $8 billion.

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