• District Judge Lewis A. Kaplan ruled to reveal the names of the two anonymous individuals who co-signed Sam Bankman-Fried’s $250 million bail.
• Multiple media outlets filed a motion to reveal their identities, citing public interest.
• SBF’s parents co-signed the bail for the entire $250 million with SBF and put up 10% of the bail bond as collateral.
On Monday, District Judge Lewis A. Kaplan made a ruling that will be sure to make headlines and stir up controversy. Kaplan ruled to reveal the identities of the two anonymous individuals who co-signed Sam Bankman-Fried’s (SBF) $250 million bail. This is one of the largest bail bonds in history.
SBF is currently facing eight criminal charges, including wire fraud, and Judge Kaplan deemed him a flight risk. His bail agreement required two other individuals besides his parents to co-sign for his bail. The two anonymous individuals signed bonds for $500,000 and $200,000 respectively.
However, SBF’s lawyers argued that revealing the names of the two co-signatories would put them in danger. Judge Kaplan allowed the defense up to Feb. 7. to appeal the decision.
Multiple media outlets, including Bloomberg, Reuters, and the Associated Press, filed a motion to reveal the names of the co-signatories. They cited public interest to reveal their identities. After the ruling, Kaplan will make the names of the two individuals public.
SBF’s parents co-signed the bail for the entire $250 million with him and put up 10% of the bail bond as collateral. This shows that even though SBF’s fortune had dwindled down to just $100,000, he was still able to make bail with the help of his parents.
The ruling to reveal the identities of the two anonymous individuals who co-signed SBF’s $250 million bail has sparked debate in the media and amongst legal experts. Many questions remain unanswered in the FTX fraud case, but this mystery will hopefully soon be solved. All eyes are now on Judge Kaplan and what his ruling will mean for the future of the case.