By Kara Scannell, CNNFederal prosecutors said FTX founder Sam Bankman-Fried’s efforts to control about $500 million worth of Robinhood shares last year indicates steps the former crypto entrepreneur has taken to “obscure” his alleged crimes. In a letter to Judge Lewis Kaplan involving Bankman-Fried’s bail, prosecutors argued he should still be prevented from moving FTX assets. Prosecutors want to limit who Bankman-Fried can be in touch with from FTX and its sister hedge fund Alameda Research. Bankman-Fried’s lawyers asked for the limitations of his contact with FTX assets be lifted since prosecutors have not proven he was behind a mysterious transfer. Correction: A previous version of this article provided the wrong date for the judge to unpause his Monday ruling.

Source: CNN January 30, 2023 23:57 UTC