The U.S. court adds new bail conditions for SBF: prohibits obtaining or transferring funds related to FTX and Alameda

2023-01-04 07:33:29
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According to ChainCatcher news, as reported by Decrypt, a U.S. court approved modifications to SBF's bail agreement on Tuesday, prohibiting him from obtaining or transferring funds related to FTX or Alameda Research as a new condition of his bail. The direct reason for the modification is that a few days after SBF was released on bail, tokens worth approximately $1.7 million from an Alameda-associated wallet were sold on the open market.

Although SBF denies any connection to the movement of funds from the Alameda-related wallets and claims he no longer has access to them, U.S. Assistant Attorney Danielle Sassoon stated that she does not know whether SBF is related to the recent transfers from Alameda, but he has had contact with those wallets, making his claims untrustworthy. (source link)

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