{"id":10094,"date":"2023-01-31T05:26:33","date_gmt":"2023-01-31T05:26:33","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=10094"},"modified":"2023-01-31T05:26:34","modified_gmt":"2023-01-31T05:26:34","slug":"sbfs-bail-bond-co-signers-may-soon-be-named","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=10094","title":{"rendered":"SBF&#8217;s bail bond co-signers may soon be named"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>The judge overseeing Sam Bankman-Fried\u2019s criminal case has decided that the names of two bail bond signers can be revealed, as determined in a Jan. 30 filing.<\/p>\n<p>Bankman-Fried, the former CEO of FTX, was briefly detained in the U.S. following his extradition from the Bahamas on Dec. 21. When he was released on bail on Dec. 22, his parents signed a $250 million bail bond backed by their California home.<\/p>\n<p>However, the bail process also involved two other smaller bonds amounting to $500,000 and $200,000. Those bonds were co-signed by two individuals acting as sureties \u2014 including at least one individual who is not a family member of Bankman-Fried.<\/p>\n<p>Later, on Jan. 3, Bankman-Fried and his legal team asked for the names of those sureties to be redacted for the sake of the individuals\u2019 safety and privacy.<\/p>\n<p>Now, federal judge Lewis Kaplan has decided that the names of the two sureties can be unsealed at the request of various news organizations. \u201cIn my view, the individual bonds should be on the public record,\u201d Kaplan said in today\u2019s court filing.<\/p>\n<p>Kaplan gave several reasons for his decision. First, he noted that the identities of the sureties did not play a direct role in Bankman-Fried\u2019s release. The bonds were not signed until after the bail and the sureties\u2019 names were unknown to the magistrate judge who authorized Bankman-Fried\u2019s release. Kaplan reasoned that public knowledge of the sureties\u2019 names will not impact future legal proceedings or law enforcement.<\/p>\n<p>Kaplan also argued that releasing the sureties\u2019 names will not be detrimental to the safety and privacy of the individuals (apart from attracting publicity). He further noted that bonds signed by sureties are traditionally publicized with the names of the signers.<\/p>\n<p>Though the names of the two bail bond signers may soon be released, this will not occur until Feb. 7 or Feb. 14, depending on whether Bankman-Fried\u2019s team appeals the decision. If that appeal is successful, the names may remain private.<\/p>\n<p>The eventual release of the names will undoubtedly attract attention due to the large number of individuals involved in FTX\u2019s collapse and the level of conspiracy alleged.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/sbfs-bail-bond-co-signers-may-soon-be-named\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The judge overseeing Sam Bankman-Fried\u2019s criminal case has decided that the names of two bail bond signers can be revealed, as determined in a Jan. 30 filing. Bankman-Fried, the former CEO of FTX, was briefly detained in the U.S. following his extradition from the Bahamas on Dec. 21. When he was released on bail on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-10094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10094"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10094\/revisions"}],"predecessor-version":[{"id":10096,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/10094\/revisions\/10096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/10095"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}