Sam Bankman-Fried Appeals Judge’s Decision to Reveal Names of His $250M Bond Backers
- Former FTX CEO Sam Bankman-Fried has appealed a judge’s decision to allow the identities of the two currently unidentified people who co-signed his $250 million bail bond to be made public.
- U.S. District Judge Lewis Kaplan ruled early last week in favor of four separate petitions by a number of news organizations seeking the names of these individuals.
- Now that an appeal has been filed, Kaplan’s ruling has been stayed until at least Feb. 14.
Former FTX chief Sam Bankman-Fried had requested a modification to his bail conditions which would have allowed him to use certain messaging tools, but U.S. District Judge Lewis Kaplan rejected this request and denied it without prejudice until a hearing on Thursday. A slew of media companies had then filed suit to get the court to release the identities of the two people who co-signed Bankman-Fried’s bond, saying that “the public’s interest in this matter cannot be overstated”.
Bankman-Fried subsequently filed an appeal against this ruling on Tuesday, resulting in Kaplan’s decision being stayed until at least February 14th. The former FTX CEO’s lawyers had argued that there was potential for physical threats towards those parties involved if their identities were revealed.