Sam Bankman-Fried’s legal team is looking for to remove a bail condition that prevented him from accessing FTX’s funds, according to court filings from Jan. 28.

A letter from Bankman-Fried’s legal representative, Mark Cohen, to United States District Court Judge Lewis Kaplan stated that Bankman-Fried should have access to assets held by FTX, declaring the customer was not involved in previous unapproved transactions.FTX and FTX United States have sought over$ 659 million in unapproved transfers in the middle of the collapse of the cryptocurrency exchange in November 2022, according to Nansen data reported by Pandoraland. Bankman-Fried rejected any involvement in the transactions.As per the letter sent out to Judge Kaplan, Bankman-Fried was”prohibited from accessing or moving any FTX or Alameda possessions or cryptocurrency, including possessions or cryptocurrency acquired with funds from FTX or Alameda “, as asked for by U.S. authorities at the first court hearing on Jan. 3. At the time, prosecutors acknowledged that there was no evidence that Mr. Bankman-Fried had actually transferred funds and kept in mind that a federal probe was underway.Related: Companies and financiers may require to return billions in funds paid by FTX”Nearly 3 weeks have passed since the preliminary pretrial conference and we assume that the Government’s examination has actually verified what Mr. Bankman-Fried has stated all along; namely, that he did not gain access to and transfer these possessions,” notes the letter, specifying that the defense notified authorities”as quickly as we ended up being aware of the transfers to offer notice.”Furthermore, the lawyers argued:” Given that the sole basis advanced for looking for that condition has not been supported, our company believe that the bail condition enforced at the conference must be eliminated.”In addition, the letter addresses a request from Jan. 27 by the U.S. Department of Justice(DOJ)forbiding Bankman-Fried from communicating

with”existing or previous employees”of FTX or Alameda Research without his attorney’s presence.The district attorney’s request was made after Bankman-Fried apparently connected to Ryne Miller, the present General Counsel of FTX US, over Signal and e-mail on Jan. 15, trying to “influence”Miller’s statement. Based on Cohen’s letter, Bankman-Fried must have endless contact with his daddy, therapist, and any staff member or agent of a foreign regulator outside the presence of lawyers. The defense specified: “For example, it would mean that Mr. Bankman-Fried might not speak with his therapist, who is a former FTX worker, without the participation of his legal representatives. According to public sources, FTX and Alameda had approximately 350 staff members. Each of these current and former staff members might have information essential to Mr. Bankman-Fried’s defense. Needing Mr. Bankman-Fried to include counsel in every interaction with a previous or present FTX staff member would place an unnecessary pressure on his resources and bias his capability to defend this case.”On Nov. 11, FTX declared bankruptcy protection and Bankman-Fried resigned as the company’s CEO. On bail at his California family house, he faces eight charges, consisting of wire scams and cash laundering.