Judge orders Sam Bankman-Fried to be blocked from accessing or transferring any FTX or Alameda assets
Sam Bankman-Fried has been blocked from accessing and making transfers involving Alameda and FTX assets, after athat indicated that some Alameda crypto assets had been moved around in December.
US district judge Lewis Kaplan, who presided over Bankman-Fried's arraignment on Tuesday in which the FTX and Alameda founderBankman-Fried, who has been released and staying with his parents in California under the terms of a $250 million bail agreement, had tweeted on Friday that he wasn't involved in any of the transactions referenced in the Cointelegraph report.
Sassoon said that prosecutors had little reason to believe Bankman-Fried's tweet, and that he lied in previous tweets where he denied using FTX customer funds and had tried to move cryptocurrency assets to foreign regulators in order to avoid the consequences of FTX's bankruptcy.Bankman-Fried's attorney Mark Cohen vehemently opposed the condition.
Kaplan's ruling blocks Bankman-Fried from those transactions, though it allows him to come to an agreement with prosecutors about a possible different arrangement.On Tuesday, Kaplan set October 2 as a date for a trial, though Bankman-Fried could work with prosecutors to negotiate a plea deal before then. He is facing eight counts including wire fraud and conspiracy charges.
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