Former FTX CEO Sam Bankman-Fried is not committed to criminal charges, the names of the Bond signatories remain sealed-

On January 3, 2023, the former FTX CEO Sam Bankman-Fried (SBF) not guilty in eight criminal complaints that contain two cases of wire fraud and six cases of conspiracy. In addition to the non-culpable plea, SBF judge Lewis Kaplan took place to make the names of his $ 250 million bond signal.

Sam Bankman-Fried is not guilty of criminal charges and fights to keep the signatories of the bond anonymously

the unadorned FTX co-founder Sam Bankman-Fried (SBF) said that he was not guilty of the eight against him against him when he took part in judge Lewis Kaplan on Tuesday. When the entourage of SBF arrived in front of the courthouse of Manhatt, his off -road vehicle was swarmed by the press saying that the amount was so large that it was so big "Bankman-Fried's mother couldn't leave the vehicle." The bodyguard and the security team from SBF then escorted the former FTX manager into the courthouse.

In addition to the commitment to the charges raised against him, the lawyers from SBF filed an application to have the names of the two signatories who had signed the $ 250 million bond. The lawyers insisted that the parents of SBF already dealt with risks from the case of their son, and the lawyer's team said that the guarantors did not suffer the same fate. SBF's bond was interesting because the former FTX manager didn't have to pay any money at all. His parents had to secure the guarantee with their house in Palo Alto, and four people signed the guarantee.

The deal is when SBF does not appear in court or if he breaks its deposit conditions, his parents' house in Palo Alto could be on the hook and the signatories could be forced to cover the rest of the deposit. Judge Lewis Kaplan agreed to have the names of the two signatories sealed, although the seal was submitted. Matthew Russell Lee from Inner City Press and information of the co -signers, including income, is routinely published in the Sdny Magistrate Court for less privileged accused ”.

russel lee that the Inner City Press object against the Sealing inserted and he also mentioned that Judge Kaplan had set a new deposit condition for the accused. SBF must not access funds that are connected to FTX or Alameda Research during the house arrest. "[U.S. Prosecutors] did not require a condition without the Internet, as required in some other cases," said Russell Lee. After SBF's not guilty plea, Richter Kaplan planned to temporarily start the process on October 2, 2023.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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