Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets

United States prosecutors within the prison case towards former FTX CEO Sam Bankman-Fried have launched textual content and e-mail messages from SBF to present CEO John Ray.

In court docket paperwork launched on Jan. 30, the Justice Division responded to a movement from Bankman-Fried’s authorized group making an attempt to take away a number of the proposed modifications for his bail circumstances, which included barring contact with former and present FTX staff. In response to prosecutors, SBF tried to contact each present FTX CEO John Ray and FTX US basic counsel Ryne Miller.

In an e-mail to Ray on Jan. 2, Bankman-Fried mentioned he hadn’t gotten off “on the appropriate foot” and supplied to satisfy the FTX CEO in particular person in New York Metropolis. He was allowed to depart his dad and mom’ California dwelling to seem in court docket and enter his not-guilty plea. The message adopted one from Dec. 30, during which SBF cited a Cointelegraph report in an try to handle the standing of funds tied to Alameda wallets:

“I actually can’t entry the funds, however I think that your group seemingly has the power to maneuver and safeguard these funds […] I’d be blissful to speak in regards to the methods you seemingly are capable of entry them if useful.”

Bankman-Fried claimed in his Jan. 12 “pre-mortem overview” of FTX’s collapse that regulation agency Sullivan & Crowell and the FTX US basic counsel pressured him into naming Ray as his successor. Ray beforehand responded to claims from SBF relating to FTX as the previous CEO having “no ongoing function” on the agency or its subsidiaries and “doesn’t converse on their behalf”.

Associated: SBF allegedly used FTX cash to take a position $400M in obscure VC agency

Filings from Jan. 27 confirmed Bankman-Fried tried to succeed in out to Miller, allegedly to “affect” his testimony within the prison case. This prompted prosecutors to file a movement, amending SBF’s bail circumstances to stop contact with FTX staff and utilizing encrypted messaging functions like Sign. The Jan. 30 submitting included a proposed prohibition on SBF “accessing or transferring any FTX or Alameda belongings or cryptocurrency”.

Chapter proceedings for FTX are transferring ahead within the District of Delaware, whereas SBF’s prison trial is scheduled to start in October in U.S. District Court docket in Manhattan.

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