Sam Bankman-Fried, a disgraced co-founder of FTX, is being held on bond, but his attorneys are finding it difficult to comply with the terms, which include one that requires his parents’ phones to take pictures of him “every five minutes.”
In a letter submitted to the court on April 19 by the attorneys, they highlighted the issues with fulfilling Bankman-bail Fried’s requirements as follows:
“[…] we learned recently that the monitoring software installed on the new cellphones we purchased for Mr. Bankman-Fried’s parents cannot, in fact, automatically photograph the device’s user every five minutes as required by the Order.”
The letter continued, without elaborating, that the defence team had looked at “other ways” to safeguard the parents’ cell phones in a way that meets with the bail requirements.
The letter asked the court to give an extension until April 21 to execute all bail terms, saying, “We are optimistic that we have identified a solution but need until the end of this week to do further testing on the monitoring software to ensure its capabilities.”
Despite the fact that the deadline has past, there haven’t been any fresh reports regarding the how the phones are being tracked.
Bankman-solicitors Fried’s claimed that, aside from the problems with the phone monitoring, all of the bail terms had been satisfactorily carried out by this point.
The judge in the case had already issued a warning that the former FTX CEO might be seeking to persuade witnesses in the case, thus the limitation on Bankman-access Fried’s to the parents’ smartphones was placed in place.
Bankman-Fried allegedly reached out to Ryne Miller, a current member of the FTX US council, saying in a message received over the messaging app Signal:
“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.”
It was revealed last month that Bankman-parents Fried’s had consented to new bail conditions that would limit their son’s use of electronics, including their own cell phones.
Following the formal filing of criminal charges against Sam Bankman-Fried by US prosecutors, he was detained in The Bahamas in December.
Eventually, he was returned to the US and placed under house arrest there after posting a $250 million bond in a New York court.