SBF Legal Defense to Appoint Tech Expert as Court Mulls Amendi | Crypto World Analysis

SBF Legal Defense to Appoint Tech Expert as Court Mulls Amending Bail Conditions

Lawyers representing Sam Bankman-Fried, the disgraced founder of the FTX cryptocurrency exchange, consented to appoint an independent technical expert to consult the court on his bail conditions. expects it’ll be able to propose one or more potential candidates by the end of the week.

Technical experts will potentially help the court navigate through the complexities of modern encryption technologies, such as encrypted messaging and privacy-focused messaging apps. The move comes after judge Lewis A. Kaplan last week raised the possibility of completely cutting the FTX founder off from electronics in response to U.S. prosecutors’ concerns about his use of a VPN to access the internet while on bail. Should such a decision be made, it would amend Bankman-Fried’s current $250 million bond agreement.

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