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Sam Bankman-Fried’s lawyers ask for bail condition modifications

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A New York judge has ordered Sam Bankman-Fried’s lawyers to submit a new proposal to modify his bail conditions

The proposal would include more detail on the suggestion that the former FTX CEO install a phone app to automatically record and archive his communications.

The two-week-long spat between federal prosecutors and Bankman-Fried’s lawyers could end if the proposal is accepted by U.S. District Court Judge Lewis Kaplan.

Last month, prosecutors submitted a letter urging Kaplan to amend Bankman-Fried’s bail conditions.

The letter alleged that Bankman-Fried had attempted to reach a potential witness and used self-deleting messaging applications, hindering discovery in the case.

Bankman-Fried’s lawyer, Mark Cohen, argued that Bankman-Fried needed to contact former employees for personal support.

Cohen previously filed a letter with the court saying that an agreement had been reached with federal prosecutors, but Kaplan rejected the agreement the next day.

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Celebrities busted over illegal crypto scheme

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Agreements have been settled without admitting guilt

 
Eight celebrities have been busted over allegations they’ve been participating in an illegal crypto scheme.

The stars, including Lindsay Lohan, Logan Paul and Soulja Boy, were all charged following an investigation by the U.S. Securities and Exchange Commission.

Lohan and Paul have reportedly settled the matter without admitting guilt.

But, regardless, it’s just another bad look for the already embattled crypto industry.

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Crypto fugitive Do Kwon arrested in Montenegro

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He was carrying falsified documents at an airport

One of the world’s most wanted crypto fugitives has been arrested in Montenegro.

It’s a long way from home for South Korean entrepreneur Do Kwon, who’s accused of orchestrating a multi-billion-dollar fraud scheme.

Kwon was connected to the TerraUSD stablecoin, which saw $40 billion erased from its holders.

He was reportedly arrested at an airport after carrying falsified documents.

It follows a red notice being issued by South Korea last September.

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SEC sues Jake Paul over paid crypto promotions

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The issue is linked to Tron founder Justin Sun

The U.S. Securities and Exchange Commission (SEC) is suing YouTube personality Jake Paul over a promotion of cryptocurrencies linked to Tron founder Justin Sun.

The SEC is accusing Paul of a paid promotion of assets without disclosing those payments to the public.

Other celebrities such as Lindsay Lohan, Ne-Yo and Akon and are also being investigated for their involvement.

Meanwhile, the SEC is going after Sun for potential fraud and market manipulation.

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