After the sinking of FTX, which fell like a bomb on the agenda, the names who paid the bail of SBF, who were arrested, were allowed to be announced.
New decisions continue to come in the ongoing lawsuit of Sam Bankman-Fried (SBF), founder and former CEO of the FTX cryptocurrency exchange. The last decision, however, allowed the judge to reveal who paid bail to SBF.
Judge Allows Release of Names Who Bail SBF
The biggest event that put the crypto money industry in trouble in 2022 was the bankruptcy of FTX. The already difficult year has been even more stalemate after FTX and its subsidiaries filed for bankruptcy.
The judge approved the release of the names who paid the bail of Sam Bankman-Fried (SBF), who was tried as a defendant in the FTX case.
Other than SBF’s parents, Stanford University research scientist Andreas Paepcke and former dean of Stanford Law School Larry Kramer are among those who funded the bail, according to court documents. These two names have signed the 250 million dollar bond as guarantor.
Court documents released on February 15 revealed that the two previously unnamed individuals were Andreas Paepcke, a senior research scientist at Stanford University, and Larry Kramer, a former dean of the Stanford Law School. It was revealed that the duo signed the bail agreement on January 25 for $200,000 and $500,000, respectively.
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