NEW YORK, Feb 6 (Reuters) - FTX founder Sam Bankman-Fried has reached an agreement with U.S. prosecutors that would let him contact some current or former employees of cryptocurrency companies he once controlled, even as he accepts other restrictive bail conditions.
In a letter to the judge overseeing the former billionaire's criminal fraud case, defense lawyer Mark Cohen said the terms more clearly define how Bankman-Fried can communicate with others as he prepares for his scheduled October trial.
Cohen also offered to withdraw a request that Bankman-Fried be able to access and transfer cryptocurrency, if U.S. District Judge Lewis Kaplan approves the agreement over communications.
Bankman-Fried, 30, has been free on $250 million bond and required to live with his parents in California since pleading not guilty to looting billions of dollars from the now-bankrupt FTX exchange.
Kaplan had last week temporarily barred Bankman-Fried from contacting employees of FTX and his hedge fund Alameda Research, or using apps such as Signal that let users auto-delete messages.
Those restrictions were added after prosecutors raised concern that Bankman-Fried might tamper with witnesses.
The proposed agreement would still bar Bankman-Fried from entering financial transactions over $1,000, except to pay his lawyers.
A spokesperson for U.S. Attorney Damian Williams in Manhattan did not immediately reply to a request for comment.
Cohen said prosecutors agreed to exempt some people from the...
Kuehn Law is investigating Fractyl Health for allegedly misleading shareholders about the effectiveness of its outpatient therapy, Revita. The lawsuit claims the company overstated Revita's clinic...