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Judge Rules Identities of 2 Parties Who Backed Sam Bankman-Fried’s $250M Bond Can Be Revealed
A number of media companies filed to get the court to release the names of the people who co-signed Bankman-Fried’s $250 million bail bond.
CORRECTION (Jan. 31, 13:03 UTC): Corrects dollar amount to million in headline. An earlier version said billion.
U.S. District Judge Lewis Kaplan ruled on Monday that the names of the two currently unidentified people who co-signed Sam Bankman-Fried’s $250 million bail bond can be made public.
STORY CONTINUES BELOW
It's already known that the FTX founder's parents also co-signed, but the other names were kept private.
The New York judge overseeing Bankman-Fried's criminal trial ruled in favor of four separate petitions by a number of news organizations seeking the names of these individuals, who signed onto the bond earlier this month. The ruling is stayed pending a possible appeal until at least Feb. 7.
A slew of media companies, including the Wall Street Journal, Bloomberg and CoinDesk, had filed suit to get the court to release the identities of the two people, saying that “the public’s interest in this matter cannot be overstated.”
Bankman-Fried’s lawyers had argued the possibility of physical threats to the parties were reasons to keep their identities private.
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
