• The US Department of Justice proposed bail conditions for Sam Bankman-Fried that would restrict his use of the internet, including a non-internet-connected flip phone.
• This proposal was made after suspicions that Bankman-Fried attempted to contact witnesses while on bail for charges including wire fraud and money laundering.
• His laptop would be restricted to a whitelist of approved websites, video games and other connected applications.

Suspicions of Witness Tampering

The U.S. Department of Justice has proposed strict bail conditions for Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, due to suspicions that he attempted to contact witnesses while on bail for charges such as wire fraud and money laundering.

Restrictions Proposed by DOJ

The proposed restrictions include restricting Bankman-Fried’s use of the internet with a non-internet connected flip phone and limiting his laptop use to only approved websites including news, sports, Wikipedia and the U.S government. Additionally, his use of video games and other connected applications should also be restricted.

Reaction From “The Hash” Panel

In response to these latest developments, Commissioner Christy Goldsmith Romero from the U.S Commodity Futures Trading Commission hosted a panel discussion called “The Hash” to explore the policy fallout from the 2022 market crash as well as CBDCs (central bank digital currencies).

Jack Schickler’s Background

Jack Schickler is a CoinDesk reporter based in Brussels focused on crypto regulations who does not own any crypto himself. He covers topics such as blockchain technology and trends in cryptocurrency usage around the world in depth.

Conclusion

It remains unclear what will happen next with regards to Sam Bankman-Fried’s case but it is clear that authorities are taking allegations of witness tampering seriously and are willing to take drastic steps in order protect those involved in criminal cases involving cryptocurrency exchanges or other related activities.