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Sam Bankman-Fried’s legal team warns of ‘harassment and threats’ to parents in latest court filing

The authorized crew behind former FTX chief govt officer Sam Bankman-Fried has petitioned a courtroom to redact sure info on people appearing as sureties for his $250-million bond, citing threats made in opposition to his household.

In a letter dated Jan. 3 filed to Choose Lewis Kaplan for the USA District Court docket within the Southern District of New York, Bankman-Fried’s authorized crew requested the courtroom order “names and different figuring out info” of two bail sureties not be disclosed to the general public and redacted from bonds as soon as they have been signed on Jan. 5. Mark Cohen of the regulation agency Cohen & Gresser mentioned that if the people’ private info have been to be accessible, they may very well be topic to related harassment as the previous FTX CEO’s dad and mom, Barbara Fried and Joseph Bankman.

“In current weeks, Mr. Bankman-Fried’s dad and mom have turn into the goal of intense media scrutiny, harassment, and threats,” mentioned Cohen. “Amongst different issues, Mr. Bankman-Fried’s dad and mom have acquired a gentle stream of threatening correspondence, together with communications expressing a want that they endure bodily hurt. Consequently, there’s severe trigger for concern that the 2 extra sureties would face related intrusions on their privateness in addition to threats and harassment if their names seem unredacted on their bonds or their identities are in any other case publicly disclosed.”

Fried and Bankman secured their son’s launch on bail in December with a $250-million bond, utilizing the fairness of their Palo Alto residence by which Bankman-Fried is at the moment below home arrest. Cohen cited authorized precedent that the shortage of public disclosure round others keen to financially again SBF would “protect larger values” and never hamper the courtroom’s judicial energy:

“If the 2 remaining sureties are publicly recognized, they may probably be subjected to probing media scrutiny, and probably focused for harassment, regardless of having no substantive connection to the case. Consequently, the privateness and security of the sureties are ‘countervailing elements’ that considerably outweigh the presumption of public entry to the very restricted info at subject.”

Crypto Twitter customers speculated as to the identities of the unnamed sureties, tossing out names together with Kevin O’Leary and hedge fund supervisor Invoice Ackman. One suggested Binance CEO Changpeng Zhao could have helped Bankman-Fried — an unlikely conclusion given the 2 crypto head’s clashes on social media amid FTX’s chapter.

Bankman-Fried was extradited to the USA following his arrest within the Bahamas in December. He’s anticipated to look in courtroom in individual on Jan. 3 to reportedly enter a not responsible plea for the legal prices, which included wire fraud, securities fraud, and violations of marketing campaign finance legal guidelines.

Associated: Crypto Twitter confused by SBF’s $250M bail and a return to luxurious

FTX co-founder Gary Wang and former Alameda Analysis CEO Caroline Ellison have already pled responsible to associated prices and begun cooperating with authorities. Ellison additionally provided a press release in December acknowledging the monetary ties between FTX and Alameda on the middle of prosecutors’ case in opposition to SBF.

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