Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

FTX Case: Court Orders to Reveal SBF’s $250M Bail Guarantors’ Names

Published 2023-01-31, 08:41 a/m
© Reuters.  FTX Case: Court Orders to Reveal SBF’s $250M Bail Guarantors’ Names

Coin Edition -

  • US District Judge Lewis Kaplan has ruled to make SBF’s $250 million guarantor’s identity public.
  • Kaplan has approved a joint petition from eight media firms that asked to reveal the names of the two people involved in the bail.
  • The judge, however, said there was not much weight on both sides of the argument.

The founder of the now-bankrupt crypto exchange FTX, Sam Bankman-Fried is asked to make his $250 million bail guarantors’ names public. United States District Judge Lewis Kaplan has ruled that bonds could have their identities revealed next month.

As per the case filing, Kaplan has approved a joint petition from eight media firms including Bloomberg, the Financial Times, and Reuters that asked to reveal the names of the two people involved in the bail.

Kaplan believes that the revealing of names would be in accordance with the public’s right to access the identities. Kaplan added that in spite of the ruling, there was not much weight in favor of either side of the arg ...

The post FTX Case: Court Orders to Reveal SBF’s $250M Bail Guarantors’ Names appeared first on Coin Edition.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.