• US prosecutors have confirmed that Sam Bankman-Fried, founder of FTX Crypto Exchange Platform, has been accessing the internet with a VPN.
• This prompted further tightening of his bail terms, and the government raised concerns about this matter.
• The defense attorney mentioned that Bankman-Fried used the VPN to watch the Super Bowl and National Football League through international subscriptions on streaming websites.
Sam Bankman-Fried Accessing Internet With VPN
US prosecutors have confirmed that Sam Bankman-Fried (SBF), founder of collapsed crypto exchange platform FTX, has been accessing the internet with a VPN. This is prompting further tightening of his bail terms. On February 13th, U.S. attorney Danielle Sassoon wrote a letter to Judge Lewis Kaplan, expressing concerns about this matter.
Why Is Using A VPN A Concern?
A virtual private network (VPN) is a must-have security tool in this era because of the increased cyber threats. It encrypts the internet connection and routes it through an intermediary server. Another fundamental privacy level is masking the IP address which makes users anonymous online and lets them bypass geo-restrictions and access any content they want worldwide without ISP throttling or online censorship.
Government’s Concerns About SBF’s Use Of A VPN
The government is concerned that Bankman-fried may have used a VPN to access foreign crypto sites blocked in the US or even dark web sites not accessible via normal methods of online browsing.
Bankman-Fried’s Defense Attorney Response
Bankman-Fried’s attorney Mark Cohen responded by saying that he had used the VPN to watch Super Bowl and National Football league through international subscriptions on streaming websites only. Also, they are willing to bargain for a reasonable bail condition and promised that Bankman-Fried wouldn’t use a VPN anymore .
Bitcoin Price Currently Above $22,000
Already courts have restricted Bankman Fried from contracting FTX employees with private messaging apps like Signal & Bitcoin price currently stands above $22,000 at press time according to TradingView charts..