Bankman-Fried’s 250 Million Bond Co-signers Are One Step Closer to Being Public

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Last Updated on January 31, 2023 by Bitfinsider

After a federal judge approved a motion to unseal the names of two people who co-signed for disgraced FTX founder Sam Bankman-Fried’s bond, their names are one step closer to being public. The identities may be revealed next month.

“Traditionally, the information sought is public information,” U.S. District Court Judge Lewis Kaplan wrote in a court filing on Monday afternoon. “In my opinion, the individual bonds should be made public.”

Bankman-Fried has pled not guilty to a slew of criminal allegations, including fraud, and is scheduled to stand trial in October. In December, his parents, Joseph Bankman and Barbara Fried, co-signed his $250 million bond. A couple of other signers, whose names have yet to be revealed, also signed smaller bonds for $500,000 and $200,000.

A coalition of news organizations petitioned the court to reveal the identities of the two unknown signers, one of whom had to be a non-family member. News organizations contended that the public has a right to know, but Bankman-Fried’s counsel warned that revealing the signers’ identities could lead to threats and harassment.

Kaplan allowed the request, which is now on hold until Feb. 7 in the event of an appeal. If the court receives a notice of appeal, the stay will be extended until Feb. 14. Prosecutors are also attempting to change Bankman-Fried’s bail conditions, claiming that he has made contact with a witness in the case.

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