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.
By Nelson Wang
Jan 31, 2023 at 4:58 a.m.
Updated Feb 1, 2023, at 1:35 a.m.
U.S. District Judge Lewis Kaplan ruled on Monday that the identities of the two non-parental parties who co-signed Sam Bankman-Fried’s $250 million bond can be made public. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the decision and what to expect from FTX’s future bankruptcy proceedings.
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CORRECTION (Jan. 31, 13:03 UTC): Corrects dollar amount to millions in the 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.
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.
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