Court Orders Revealing of $250M Bond Backer Names, Despite Sam Bankman Fried's Objections
Sam Bankman Fried appeals judge's Decision to Reveal the names of his $250M Bond backers.
Judge Lewis Kaplan ruled last week that the two unidentified people who co-signed the bond could be made public.
Sam Bankman-Fried, a former CEO of FTX, has challenged a judicial ruling that mandates the public disclosure of the two unnamed co-signers on his $250 million bail bond. It was previously known that Bankman-Fried's parents also co-signed the bond, but the other names were kept confidential until now.
Last week, U.S. District Judge Lewis Kaplan made a ruling in favor of several news organizations in their pursuit of the names of two individuals who co-signed Sam Bankman-Fried's $250 million bail bond earlier this month.
Due to the appeal filed, Kaplan's decision has been put on hold until at least February 14th.
Several media companies, including the Wall Street Journal, Bloomberg, and CoinDesk, filed a lawsuit with the court to make the identities of the two individuals public, stating that the public's interest in the matter is immense.
Bankman-Fried's lawyers argued that the risk of physical threats to the individuals involved was a reason for keeping their identities private.