The Identities of Two People Who Signed for FTX Founder Sam Bankman-Fried’s $250 Million Bail Revealed!

Cryptocurrency The previously kept secret names of the two people who signed the $250 million bail package of exchange FTX founder Sam Bankman-Fried have been made public.

A federal judge has ruled that the names of those who signed Sam Bankman-Fried’s bail bond should be released after Bankman-Fried did not go to appeals court.

New York Southern District Judge Lewis Kaplan initially ruled in favor of news outlets that argued the names of Bankman-Fried’s signatories were in the public interest, but said the decision was pending appeal.

While Bankman-Fried’s lawyers have given a notice that they will appeal, they said on Wednesday they have not filed any actual appeals in a new ruling.

No Familiar Names Released by FTX Founder’s Vulnerables

Following the development, the names that vouched for Sam Bank-Fried were immediately announced. Andreas Paepcke and Larry Kramer of Stanford University have invested $200,000 and $500,000, respectively. Bankman-Fried’s parents are also lecturers at Stanford. Paepcke is a senior research scientist and Kramer is a former Dean at Stanford.

On Tuesday, a federal judge ordered Sam Bankman-Fried not to use a VPN to access the internet after prosecutors expressed concern that the founder of the FTX cryptocurrency exchange might try to hide his online activities.

US District Judge Lewis Kaplan has imposed a VPN ban until Thursday, when Bankman-Fried holds a hearing to consider imposing additional restrictions on his $250 million bail package.

Kaplan previously banned Bankman-Fried from using encrypted messaging apps that allow users like Signal to automatically delete messages, and said that Bankman-Fried’s recent use of VPNs, which he had done at least twice, “carries many of the same risks.”

*Not investment advice.

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