Thursday, March 30, 2023

Sam Bankman-Fried’s $250M bail guarantors to be made public, says judge


The two individuals who helped former FTX CEO Sam Bankman-Fried along with his $250 million bail bond might have their identities revealed subsequent month after a current ruling by United States District Judge Lewis Kaplan.

According to the Jan. 30 submitting, Kaplan granted the applying to reveal the names of the 2 people to the general public.

However, Judge Kaplan has given Bankman-Fried’s authorized counsel till Feb. 7 to attraction.

Bankman-Fried was released from custody in December 2022 after two unknown folks signed on as sureties for the $250 million bond together with Bankman-Fried’s mother and father, Joseph Bankman and Barbara Fried.

Eight main media firms, together with Bloomberg, the Financial Times and Reuters, demanded public disclosure of the two individuals accountable for guaranteeing the bond in a Jan. 12 letter addressed to New York District Court Judge Lewis Kaplan.

Related: Sam Bankman-Fried: ‘I didn’t steal funds, and I certainly didn’t stash billions away’

Attorneys from Davis Wright Tremaine LLP, appearing on behalf of the media giants, argued that “the public’s right to know Bankman-Fried’s guarantors outweighed their privacy and safety rights.”

Bankman-Fried’s attorneys had continued to argue that the identities ought to be stored a secret, fearing the individuals would face harassment.