Lawyers representing the former FTX CEO and U.S. prosecutors requested until Feb. 17 to discuss the impact using a VPN could have on Bankman-Fried’s bail conditions.
For the criminal case of former CEO Nick Bankman-Fried of FTX, the prosecutor behind it stipulated to obtain more time considering the legal harm of his application of virtual private network (VPN).
In a document filed with the United States District Court for the Southern District of New York City on Feb. 13, U.S. Attorney Wilshere Williams said the Justice Department found that Bankman-Fry visited Internet technology on January 29th and February 12th-the next day was Super Bowl LVII. According to Williams, the view of the relevant departments is that the application of VPN has "caused a lot of potential anxiety" and listed examples of US customers visiting some international login password trading centers and ambiguous information that Bankman-Fry is likely to visit the website.
"VPN allows data to be transmitted undetected based on secure, encrypted data connections, and is a more secure and covert way to access dark web sites," the document said. " The defence insists that the accused did not use VPN for all improper means and that he looks forward to another opportunity to discuss the issue with the Government.
Marco Vorster, who represents SBF's law firm Cohen&Gresser in this criminal case, says the former FTXCEO uses VPN to watch sports reports, including the Super Bowl. He added that Bankman-Fry would not use VPN until lawyers resolved these issues.
He played the Football Federation and NFC Finals on January 29, 2023, and the Super Bowl on February 12. The application of virtual private networks does not involve all the concerns clearly expressed by the country in the letter. "
The Bankman-Fried legal group has discussed whether the former FTXCEO app VPN can be used as a condition for its bail, according to court documents. Since SBF was arrested, prosecutors have ordered the people's court to restrict Bankman-Fry to use some communications applications and to avoid contacting current or ex-boyfriend employees of FTX and Alameda Research. Both Bankman-Fried's lawyer and U. S. prosecutors have until Feb. 17 to explore the possible impact of VPN's SBF on his bail conditions.
Bankman-Fried's criminal trial is scheduled for October, when he faces eight charges related to telecom network fraud and violation of election accounting laws and regulations. On Feb. 13, a presiding judge ruled that SBF had a civil case brought by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Federation (CFTC) until the criminal case was completed.