Sam Bankman-Fried, once the champion of the crypto industry, now its most infamous villain, was released on a $250-million bail package on December 22nd. His parents put their Palo Alto home, where he is currently under house arrest and electronic monitoring, as collateral. There were also two other co-signers to the bail package according to the court filing, but SBF’s attorneys fought in these last few weeks to keep their names hidden.
As the main reason for their plea to the court was the fact that SBF’s parents already faced threats and harassment.
Several media organizations had filed to have the names released, as they judge the people have a right to know. Judge Kaplan ruled in favor of unredacting the names, but is putting his order on hold until Feb. 7 to give SBF’s attorneys time to file for an appeal.
Speculations as to the identities of the co-signers have going around, which includes Shark Tank’s star Kevin O’Leary, who has defended the FTX founder since the bankruptcy filing.
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