It seems that Sam Bankman-Fried, the former CEO and co-founder of FTX, is bringing mountains of work to the Federal Bureau of Investigation (FBI). Bankman-Fried’s laptop seems to contain so much data that it is difficult for the FBI to analyze everything, according to a new reporting from Business Insider.
6 million pages on Bankman-Fried
It seems to have been weeks now for prosecutors to retrieve all of Bankman-Fried’s messages on Slack. Other data is also difficult to retrieve from the computer. They now have to ‘break up’ the laptop in several parts to make it a workable job.
As a result, it has still not been possible to create a so-called privilege review to organise. In this, individuals who are not actively involved in the case assess whether it is possible to use the information obtained in the lawsuit against Bankman-Fried.
Bankman-Fried’s lawyer previously expressed concern about how prosecutors would use the data on the laptop. The Business Insider article shows that prosecutors collected more than 6 million pages of material on Bankman-Fried to date.
Uncertainty about FTX ex-CEO reigns
Incidentally, it is not entirely clear what exactly is the reason for the halting of the investigation into Bankman-Fried. It may be due to the huge mountain of data, but there are also rumors that it has to do with encryption and privacy.
It was previously known that the use of applications with a focus on privacy from Bankman-Fried was a problem. So much so that the public prosecutors banned him from using those applications to communicate with other people.
The Bankman-Fried case is currently pending before the US court for October. In total, he faces a prison sentence of 115 years and it seems unlikely that he will ever be released if Bankman-Fried actually receives that sentence.