Feb 16, 2023

Bankman-Fried’s Bail Conditions Tighten: No Video Games

Sam Bankman-Fried, the former CEO of crypto exchange FTX, may soon be unable to play League of Legends and other video games if proposed changes to his bail conditions from United States prosecutors are approved.

In a Feb. 15 letter to United States District Judge Lewis Kaplan, U.S. Attorney Damian Williams requested that the court impose further restrictions on Bankman-Fried’s electronic device usage. The prosecutors noted that Bankman-Fried’s recent device usage had caused concern, and that it was “shortsighted” to focus solely on restricting the use of apps.

The proposed new bail conditions would prohibit Bankman-Fried from using cellphones, tablets, computers, or the internet, except for limited uses such as reviewing pre-trial evidence, communicating with lawyers and accessing emails. He would be restricted to using a single computer and cell phone, which in addition to his Gmail account would be monitored using a “pen register”.

Bankman-Fried is a known gamer, having reportedly played online video games such as League of Legends during fundraising rounds while at FTX. He also mentioned during an interview with New York Times on Nov. 13 that he likes to play games to help him “unwind a bit” and clear his mind. Under the newly proposed bail conditions, it appears that Bankman-Fried will no longer be allowed to partake in the activity.

The former CEO was previously prohibited from using encrypted messaging apps after he was found to have contacted potential witnesses in his criminal case. He has also been temporarily banned from using VPNs on Feb. 14, after the Justice Department discovered he had used a VPN on two different occasions. This ban will be further discussed during a Feb. 16 hearing.

The crypto community was appalled by the initial conditions of Bankman-Fried’s bail, which allowed him to live in his parents luxurious home in sunny California, but required him to wear an ankle bracelet.

The new restrictions, if approved, could be a major blow to Bankman-Fried’s ability to engage with the web3 space. He will no longer be able to use his devices to promote NFTs, engage in NFT marketing, or use Twitter for NFT marketing. Additionally, he will not be able to use his devices to run a web3 agency or sell NFTs.

The proposed changes to Bankman-Fried’s bail conditions demonstrate the importance of understanding the legal implications of engaging with the web3 space. It is essential for anyone involved in the crypto and NFT space to be aware of the potential legal and financial risks associated with their activities.

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