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Judge extends bail restrictions on FTX founder Sam Bankman-Fried

Judge extends bail restrictions on Sam Bankman-Fried
Judge extends bail restrictions on Sam Bankman-Fried 00:31

NEW YORK -- A Manhattan judge has extended bail restrictions on the founder of the failed cryptocurrency exchange FTX.

Sam Bankman-Fried is banned from contacting employees of companies he once controlled.

Prosecutors raised concerns that the 30-year-old former billionaire could try to tamper with witnesses ahead of his trial on fraud charges.

He's also not allowed to use encrypted messaging technology.

Bankman-Fried is accused of deceiving investors out of millions of dollars before FTX collapsed last November.

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