Judge says ‘Jail’ will halt FTX-Fried’s electronics use

Wall Street Journal
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A federal judge showed growing impatience Thursday with FTX founder Sam Bankman-Fried’s use of the internet while on bail, suggesting that incarceration might eventually be the most effective way to prevent him from communicating on electronic devices in ways that can’t be traced.

Judge Lewis A. Kaplan did not immediately change a $250 million bail package that lets Bankman-Fried live with his parents in Palo Alto, California, while preparing for trial on charges that he cheated investors and looted customer deposits at FTX, his cryptocurrency trading platform.

But he raised the possibility for the first time that jail might be the only way to ensure Bankman-Fried won’t outfox the government by using electronic devices in ways that can’t be tracked.

Read more at CBSnews.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!