FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives for his court hearing at a federal court in New York City, U.S., February 9, 2023. REUTERS/Shannon Stapleton/File Photo
NEW YORK (Reuters) - Lawyers for Sam Bankman-Fried are nearing an agreement with U.S. prosecutors on revised bail conditions for the indicted FTX cryptocurrency exchange founder, who is trying to convince a skeptical judge he should remain free.
In a letter filed on Friday night in Manhattan federal court, Bankman-Fried's lawyer Christian Everdell said both sides believed they were "close to a resolution", and expect to formally propose new restrictions by next week.
