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Bankman-Fried Close to Proposing Revised Bail Package to Judge

Sam Bankman-Fried, earlier in February. 
Sam Bankman-Fried, earlier in February. Photographer: Stephanie Keith/Bloomberg

Samuel Bankman-Fried is close to proposing a revised bail package meant to satisfy a judge who expressed frustration over the FTX founder’s use of technology while under house arrest.

Free on a $250 million bond but confined to his parents’ house with a monitoring device around his ankle, Bankman-Fried has already angered US District Judge Lewis Kaplan by using encrypted-messaging apps and a virtual private network, or VPN, which hides a computer’s identity.