Bankman-Fried Wanted By Media Organizations To Expose Sponsors $250 Million Bonds

Key Points:

• Numerous major media organizations have filed legal claims in an effort to learn who the two non-parental signatories were on Sam Bankman-Fried’s $250 million bail bond.
• Associated Press, Bloomberg, the Financial Times, CNBC, Reuters, Insider, Dow Jones, the publisher of the Wall Street Journal, and the publisher of the Washington Post are among the media organizations that have signed the petition.
• The news organization’s attorney said they are ready to present their case during a hearing.

The judge overseeing the criminal case against crypto entrepreneur Sam Bankman-Fried was asked to disclose who else signed his $250 million bail bond after a group of powerful news organizations made the request.

Associated Press, Bloomberg, the Financial Times, CNBC, Reuters, Insider, Dow Jones, the publisher of the Wall Street Journal, and the publisher of the Washington Post are among the media organizations that have signed the petition.

The news group’s attorney stated that the organization is ready to present its case during a hearing.

On Wednesday, The New York Times sent its own document detailing the same problem. Law firm Kolis said in a separate legal filing made on behalf of CoinDesk:

“Any purported interest in keeping these names secret or private is outweighed by the tremendous public interest in the identities of these individuals.”

Bankman-Fried was detained in the Bahamas after the demise of the cryptocurrency exchange FTX and then extradited to the United States to answer to several federal offenses. Late in December, a U.S. judge granted Bankman-Fried’s plea for anonymity and the release of $250 million bail, backed by his parents and two more parties.

The signatories should be made public, according to lawyers from the litigation company Davis Wright Tremaine, since Bankman-Fried stands accused of executing one of the greatest financial scams in history. They cited common law and the first amendment’s right to knowledge for the general public.

Physical threats have been used by Bankman-Fried’s attorneys as justification for secrecy. He was granted bail on December 22 after entering a not-guilty plea to all counts, including wire fraud and money laundering.

Coincu will continue to update the situation related to Sam Bankman-Fried, you can find out more information through this article.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News