NEW YORK—Lawyers for Sam Bankman-Fried said they reached an agreement with U.S. prosecutors on Monday on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency exchange founder to jail pending trial.
Under some of the proposed new conditions, Bankman-Fried would have a new phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices.
The laptop will have monitoring software to track user activity and Bankman-Fried won’t have administrative access to prevent tampering with the restrictions. Additionally, the new phone’s communication functions will be limited to text messages and voice calls, with all other messaging applications prohibited….