SBF Unhappy with Jail WiFi, Demands Pretrial Release

In an attempt to wriggle out of jail, Sam Bankman-Fried is complaining about internet speeds affecting his trial preparation.

Sam Bankman counting down the days he has left in jail.
Created by Kornelija Poderskytė from DailyCoin
  • Sam Bankman-Fried is trying to buy more time to review the case. 
  • Prosecutors have collected millions of pages against the FTX founder.
  • Sam Bankman-Fried claims jail internet speeds won’t allow him to review documents in time.

Sam Bankman-Fried, commonly known as SBF, is doing everything he can to buy time and wriggle out of jail, picking through a spectrum of excuses. Following his earlier concerns about the absence of ‘vegan’ diet options in jail, the disgraced FTX founder now demands a pretrial release because of slow internet speeds. 

SBF Complains About Slow WiFi

Since the US Government revoked Sam Bankman-Fried’s bail in early August, the former crypto poster boy has been desperately petitioning the court for pretrial release, reasoning that he can’t prepare for his October trial from behind bars. 

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Facing an overwhelming volume of evidence, SBF’s lawyers are fighting tooth and nail for more time before the trial begins on October 13. In a new letter to the judge, Bankman-Fried’s legal team asserted that prosecutors had failed to provide the necessary computer resources for their client to review millions of pages of material related to the spectacular collapse of FTX in November 2022. 

The legal team noted the conditions in the detention center, coupled with prosecutors’ lack of cooperation and painfully slow internet speeds, have collectively eaten into valuable ‘hours of review time.’ 

With the pile of lawsuits and criminal charges against the disgraced founder growing, it remains uncertain whether the Department of Justice will entertain his request for release this time. 

Previously, SBF had been granted bail, with the judge allowing him to live with his parents in Palo Alto. However, things quickly worsened when Bankman-Fried allegedly contacted key FTX figures to tamper with witnesses. Given this history, the prospects of his release now appear increasingly slim.

On the Flipside

  • According to Sam Bankman-Fried’s bail conditions, the fallen crypto mogul’s internet access is restricted to pre-approved websites.
  • Investigators recently connected a high-profile rug pull to Sam Bankman-Fried.
  • SBF pleaded not guilty to seven charges. 

Why This Matters

FTX’s titanic collapse has left behind a trail of unresolved financial issues in its wake, and its disgraced former CEO is working overtime to prolong the case and, in turn, justice. 

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Catchup on why FTX is targeting celebrities:
FTX Advisors Seek Refunds on Celebrity Endorsements and Sponsorships

Read why Tensions between Binance and Polygon are rising: 
Binance NFT Cuts Polygon From Its Roster, Should You Worry?

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Insha Zia

Insha Zia is a senior journalist at DailyCoin covering crypto developments, especially in the Cardano ecosystem. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.