Federal Judge Says SBF Could Have His Bail Revoked

SBF Could Be Remanded in Prison If Bail Revoked

Kaplan suggested that the FTX founder might be remanded in prison until his trial in October if his bail is revoked. However, Kaplan added that the Feb. 16 hearing "could get there, conceivably" despite the fact that it was not a bail revocation hearing.

The prosecution sought to further restrict and monitor Bankman-Fried's device use “with limited exceptions,” citing the recent use of the device as cause for concern.

Judge Kaplan said during the hearing that it was naive to think that these restrictions would stop Bankman-Fried from using the internet because he lives with his two parents, both of whom have cellphones and laptops.

Growing Restrictions on Sam Bankman-Fried

Since it was discovered that he had contacted potential witnesses, the former CEO of FTX has not been able to use certain messaging apps. After prosecutors accused him of using a virtual private network (VPN) on two occasions—on Jan. 29 and Feb. 12—he was also subject to a temporary ban. The hearing on February 16 did not extend the VPN ban.

The fact that SBF has not yet had his bail revoked has baffled many outside and inside the crypto community.