The FTX founder wants a court to shield the names of his deep-pocketed guarantors.
As he prepares to appear before a Manhattan judge on Tuesday, FTX founderis working to shield the names of two people who will sign his enormous bail agreement. Bankman-Fried’s parents have already co-signed the $250 million deal and have staked their California home as collateral. Two other guarantors, known in legal parlance as “sureties,” must sign separate bonds.
They should be people of “considerable means,” the court said, and at least one of them can’t be related to the fallen crypto king. In a court filing on Tuesday, one of SBF’s lawyers argued that his parents had been subjected to “intense media scrutiny, harassment, and threats” in recent weeks, and that the sureties would face similar exposure if their identities were made public. The guarantors have until Thursday to sign their bonds.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why FTX Investors Fell Under the Sway of Sam Bankman-FriedHow Sam Bankman-Fried talked—and even how he dressed—may have subconsciously induced people to trust him. Here's why, according to BradleySMurray
Read more »
FTX Seeks to Recoup Sam Bankman-Fried’s Charitable DonationsFTX and its founder doled out millions in donations before the crypto exchange went bankrupt. Now the nonprofits wonder: What should they do with the money?
Read more »
Sam Bankman-Fried's charitable donations sought by FTX: ReportFTX's charity arm, Future Fund, had committed more than $160 million to more than 110 nonprofit organizations.
Read more »
Prosecutors launch website to notify Sam Bankman-Fried's alleged victimsProsecutors launched a website to notify Sam Bankman-Fried's alleged victims of his FTX company.
Read more »
Prosecutors launch website to notify Sam Bankman-Fried's alleged victimsThere are so many victims of the fraud allegedly perpetrated by FTX founder Sam Bankman-Fried federal prosecutors said it would be impractical for them to individually notify all of them — so the judge allowed prosecutors to establish a website.
Read more »
Bankman-Fried tells FTX debtors to leave his Robinhood shares aloneFTX co-founder Sam Bankman-Fried has filed a court action seeking to block debtors from taking control over his $450 million stake in brokerage Robinhood.
Read more »