Mystery Unveiled: Who are Sam Bankman-Fried’s Secret Guarantors?
There has been a sudden turn of events in the ongoing FTX saga as SBF’s $250M bond guarantors are ordered to be made public.
FTX and its former CEO, Sam Bankman-Fried, have been the center of attention in the cryptocurrency world lately. Bankman-Fried was recently arrested and granted a $250 million bail, with his parents and two other individuals serving as guarantors. However, the identities of these two individuals have remained a mystery, until now.
There have been reports that US District Judge Lewis Kaplan has ordered that details regarding these individuals be made public as soon as possible. As a result of threats made to Bankman-Fried’s parents, the names of the guarantors were kept hidden from public view. However, the possibility of the two of them being subjected to media scrutiny and harassment, despite having no connection to the FTX case, was brought up, despite the fact that they have no association with it. The judge believes both arguments were not particularly persuasive, but decided to grant the application “for the limited purpose of asserting the public’s claimed right of access” to the names of Bankman-Fried’s guarantors in order to establish their identities. The implementation of the order has been pushed to Feb. 7 to allow for an appeal.
Several prominent media houses including Associated Press, Bloomberg, CNBC, Dow Jones, The Financial Times, Insider, and the Washington Post wrote a letter to US District Judge Lewis Kaplan, advocating for the release of information about Sam Bankman-Fried’s guarantors. The media firms argued that the public’s right to know outweighed the privacy and safety rights of the individuals involved. The media’s request was part of the ongoing debate over the disclosure of the identities of the individuals who helped secure Bankman-Fried’s release from arrest. The judge has yet to make a final decision on the matter.
JUST IN: 🇺🇸 Judge rules the identities of the two people who helped secure SBF's $250 million bail can be made public.
— Watcher.Guru (@WatcherGuru) January 30, 2023
Who are Bankman-Fried’s Guarantors?
The cryptocurrency community has been speculating who the two individuals could be. Some have suggested that it could be Shark Tank’s Kevin O’Leary, who has publicly defended Bankman-Fried, or billionaire investor Bill Ackman, who previously backed Bankman-Fried during the FTX fallout. The community has also jokingly suggested that SEC Chairman Gary Gensler could be one of them.
Although the identities of the two individuals remain unknown for now, Judge Kaplan has pushed the implementation of his order until Feb. 7, to enable an appeal.
The cryptocurrency world will have to wait until then to see if the speculation is correct.
