Judge allows release of identities of Sam Bankman-Freed bailiffs

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1 min.

At the same time, a US district judge allowed the former head of FTX to challenge the requirement to disclose the names of his guarantors.

Judge Lewis Kaplan granteda petition by eight media outlets demanding the disclosure of the names of two individuals who posted a $250 million bail for the former head of the collapsed FTX crypto exchange, Sam Bankman-Freed. The judge allowed the defendant's lawyers to challenge the decision until February 7, so the disclosure of the names of the guarantors is not guaranteed. According to Lewis Kaplan, lawyers are likely to appeal, and possibly the deadline will be extended until February 14.

Petitioning Media:Financial Times, Bloomberg, Reuters, CNBC, Associated Press, Washington Post, Insider and Dow Jones. The editors believe that the public has the right to know the names of those who support the former head of FTX. Moreover, everyone knows the businessman's connections with the leaders of the financial industry, investors and billionaires from Silicon Valley.

Bankman-Fried Lawyers of Davis WrightTremaine believe that the disclosure of the names of the guarantors infringes on their right to privacy and security. Lawyers cite the fact that after the FTX scandal, Bankman-Fried's parents began to receive threats.

According to the judge, he does not doubt it, howeverI haven't received any physical evidence of threats yet. Moreover, said Lewis Kaplan, the disclosure of the names of the guarantors does not mean that they will face similar threats.

Guardian Australia previously reported thatThe Australian Securities and Investments Commission (ASIC) launched an investigation into the activities of the local division of the FTX exchange eight months before the collapse of the site.