Tuesday 31 January 2023

Judge Rules Mysterious People Who Bailed Out FTX CEO Sam Bankman-Fried from Jail Should be Disclosed by Feb. 7th


Judge Lewis Kaplan ruled on Monday in favor of disclosing the names of the mysterious people who bailed FTX CEO Sam Bankman-Fried out of jail.

This comes after previously keeping the names redacted. 

SBF’s attorney tried to keep the names anonymous after the donors signed a $500,000 and $200,000 bond to spring him from jail. 

SBF’s parents also co-signed a $250 million bond for their indicted son.

The judge ruled the names should be released by February 7th.

Breitbart.com reported:

A U.S. judge said on Monday that the names of the two people who bailed disgraced FTX CEO and Democrat super donor Sam Bankman-Fried out of jail should be made public. The move comes after Bankman-Fried’s lawyers tried to keep the names of those who paid his bail anonymous.

While U.S. District Judge Lewis Kaplan has ruled in favor of disclosing the names, he has put his ruling on hold pending an expected appeal, according to a report by Reuters.

The judge said that the public’s “weak” right to know who bailed the disgraced cryptocurrency exchange founder out of jail outweighed Bankman-Fried’s arguments for confidentiality, as well as the claim that the safety of his guarantors would be in jeopardy.

Judge Kaplan also reportedly said that the names will be confidential until at least February 7, as “the question presented here is novel and an appeal is likely.”

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