The former CEO of the now-defunct cryptocurrency exchange platform FTX has made the news once more. A federal judge has ordered Sam Bankman-Fried, who is now regarded as the crypto industry’s No. 1 nemesis, to stop using privacy and encryption software to access the internet.
Sam Bankman-Fried has reportedly been using a virtual private network to access the internet and conduct online activities. The U.S. has been pushed by this action. Judge Lewis Kaplan of the district court prohibits such actions. Furthermore, according to reports, Sam Bankman-Fried has already been prohibited from using Signal and other encrypted communications services. According to the aforementioned judge, permitting the disgraced crypto tycoon to use a VPN “presents many of the same concerns.”
Bankman-Fried and Others Receive Subpoena
It is well known that the virtual private network is frequently used to conceal the user’s IP address and subsequently permit them to access content that would otherwise be blocked or prohibited. In addition to being widely employed by crypto traders to increase online privacy, this is also very well-liked in authoritarian regimes like China.
A judge has rejected a plea that Sam Bankman-Fried be permitted to make touch with and speak with FTX and Alameda research personnel using watched channels like FaceTime, WhatsApp, and Zoom. This week, it was reported that the limits had been extended to February 24.
In light of this, Prosecutor Danielle Sassoon has noted that although many people use virtual private networks for “benign purposes,” they also voiced out that they also offer “several potential concerns” She further strengthened the aforementioned claim by referencing people who use virtual private networks to disguise the fact that they are accessing international cryptocurrency exchanges that use IPs to block U.S. users.
Sam Bankman-defense Fried’s comes from his attorney, who says that Bankman-Fried used a virtual private network to watch the Super Bowl and the National Football League playoffs. However, as part of the FTX group bankruptcy, subpoenas were still issued to Sam Bankman-Fried, his father Joseph, former Alameda CEO Caroline Ellison, Gary Wang, and Nishad Singh.