Since the resounding fall of FTX and the criminal charges brought against its founder, Sam Bankman-Fried (SBF), the cryptosphere has been holding its breath. While the names of two of SBF’s surety co-signers are well known, the identity of the other two was still unknown. Judge Lewis Kaplan finally lifted the veil by revealing the names of the guarantors.
The mysterious guarantors of Sam Bankman-Fried’s bail finally revealed
The $250 million bond that SBF’s parents had to post for his release on bail caught everyone’s attention. On December 22, Joseph Bankman and Barbara Fried pledged their Palo Alto, California home as collateral.
However, two other people have also given guarantees. Nevertheless, the names of the latter had remained a mystery, until the judge Lewis Kaplan does not reveal them eventually to the public.
Stanford University researcher Andreas Paepcke and former Stanford Law School dean Larry Kramer have been revealed as bond guarantors for Sam Bankman-Fried. Paepcke signed for $500,000, while Kramer signed on for $200,000.
The bond guarantors have the same workplace as Bankman-Fried’s parents. Scholar Paepcke attended Harvard University from 1974 to 1978. Kramer was the Richard E. Land Professor of Law and Dean of Stanford Law School between 2004 and 2012.
The Bankman-Fried affair has attracted intense media interest, including Bloomberg and Coindesk. Indeed, they asked for the lifting of the seals on the names of the guarantors of the deposit. Judge Lewis Kaplan eventually granted this request.
However, the reasons that led the guarantors to take the risk of getting involved in this case remain unclear. Crypto watchers are now wondering if the names of the guarantors will impact the future of SBF and FTX, or if they are merely a footnote in the story of FTX’s collapse.
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