A modification was made to FTX founder Sam Bankman-Fried’s bond agreement on Tuesday, prohibiting him from accessing or transferring funds related to FTX or Alameda Research as a new condition of his bail.
The request was made by Assistant U.S. Attorney Danielle Sassoon during Bankman-Fried’s arraignment in Manhattan, acting on behalf of the government. Judge Lewis A. Kaplan, who presides over Bankman-Fried’s case, granted the measure.
At the proceeding, Bankman-Fried pleaded not guilty to the eight criminal charges that include fraud and money laundering. A trial date for Bankman-Fried of October 2 was also set during the proceeding.
The amendment follows activity involving Alameda-linked wallets that took place last week. Just days after Bankman-Fried was released on bail, around $1.7 million worth of cryptocurrencies linked to Alameda was transferred to coin mixers—programs often used to obscure trading activity—according to Arkham Intelligence.
(Reporting by Shikha Singh; Editing by Laxmikant Khanvilkar)
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