bankrupt cryptocurrency Sam Bankman-Fried, the founder of the stock exchange FTX, was brought to the United States after his arrest in the Bahamas, where he was released on bail.
Under house arrest for $250 million bail, SBF requested the court to keep the identities of the two individuals who would help secure his bail.
In a petition addressed to the court, SBF’s lawyers said that the identity of the people who signed his client SBF’s bail need not be made public:
“Your Honor;
On behalf of the accused Sam Bankman-Fried; We respectfully submit this motion of petition to request limited amendments to some of the bail conditions ordered by Judge Gorenstein in Mr. Bankman-Fried’s first appearance on 22 December 2022.
If the identities of the two guarantors are made public, they will likely be subject to media scrutiny and potentially be targeted for harassment even though they have no significant connection to the case.
As a result, the privacy and security of the guarantors are compensating factors that significantly outweigh the assumption of public access to the very limited information at issue.”
While the SBF was released on bail, his family was also bailed.
However, the judge presiding over the case stated that this assurance was not sufficient and requested that the bond be signed by two other persons, one of whom could not be relatives, as guarantors, in addition to Bankman-Fried and his family.
Responding to this request, the lawyers said that the two guarantors requested by the judge had not yet signed the bail deed of the SBF, but they plan to sign by the deadline of January 5, 2023.
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