Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home » Judge finally Disclosed Identities of Sam Bankman-Fried’s Guarantors

    Judge finally Disclosed Identities of Sam Bankman-Fried’s Guarantors

    0
    By qaasim on February 16, 2023 News
    SBF
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Based on the outcome of the court sitting on Feb. 15, a federal judge has approved the disclosure of the identities of the embattled FTX founder Sam Bankman-Fried’s guarantors as per a report. 

    BREAKING: The US FTX judge has ordered the names of the two backers of Sam Bankman-Fried’s $250 million bail to be made public.

    One is Andreas Paepcke. Paepcke is a Senior Research Scientist at Stanford.

    The other Larry Kramer. Kramer is the former dean of Stanford Law School.

    — unusual_whales (@unusual_whales) February 15, 2023

    According to court records, the two sureties were identified as former Stanford Law School dean Larry Kramer and Stanford University research scientist Andreas Paepcke, who collectively signed as guarantors to SBF’s $250 million bond.

    UNSEALED: Here's one of Sam Bankman-Fried's bond co-signers, which Inner City Press first asked to unseal by letter motion on January 3: It's Andreas Paepcke 1/x pic.twitter.com/cyxw3ChvCw

    — Inner City Press (@innercitypress) February 15, 2023

    The disclosure was approved by the Judge following persistent requests from multiple media sites. In a letter dated January 12 to Judge Lewis Kaplan, eight significant news organizations asked the court to reveal the identities of the two people “who gave Mr. Bankman-Fried with financial backing.” 

    While the judge initially granted the motion but postponed disclosing the names of the guarantors until February 7 in order to give SBF’s legal counsel time to file an appeal, the identities were concealed until February 14 after SBF’s counsel appealed it.

    sbf

    Meanwhile, a Feb. 15 report from Business Insider revealed that one of the sureties Larry kramer had been friends with Bankman and Fried since the 1990s, stressing that his $500,000 contribution was due to the close relationship he shared with the Bankmans.

    On the other hand, there is no clarity as regards the relationship between Andreas Paepcke and the Bankmans that propelled the former to stand as surety. 

    It would be recalled that SBF was given a bail confinement to his parent’s California home with a $250 million bond in December. He was only allowed to travel for court appearances and other allotments because of the bail restrictions that forced him to remain confined at home. 

    SBF’s Prosecution Continues Unabated

    While SBF’s counsels made relentless efforts in preventing the disclosure of SBF’s sureties due to intense media scrutiny, it appears that was a lost ground already.

    As his prosecution continues, it appears that SBF would no longer be allowed to play League of Legends following Feb. 15 letter to United States District Judge Lewis Kaplan seeking court to expand restrictions covering SBF’s electronic device. 

    More than any other time, the judicial proceedings should be accelerated with a view to establishing the facts behind the FTX collapse and indicted individuals should be prosecuted accordingly. 

    Featured FTX Guarantors SBF
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    qaasim
    • X (Twitter)

    Salaam Rasak entered the crypto space while completing his Masters degree and has continued to dig deep into Web3 space since then, writing articles related to Web3 and blockchain. He started working with Blockchain Journal in September 2022.

    Related Posts

    Bot Activity in Stablecoins Accounted for Over 70% of Trading Volume

    October 1, 20253 Mins Read

    Brock Pierce’s Million-Dollar Cryptocurrency Donation Shakes Up NYC Politics

    October 1, 20252 Mins Read

    Pavel Durov and Bitcoin: The Investment That Funds the Creator of Telegram

    October 1, 20253 Mins Read

    85% Plunge in Tron Inc. Shares Triggers High Alert

    October 1, 20253 Mins Read

    How Ethical Hackers and the SEAL Safe Harbor Framework Protect Billions

    October 1, 20252 Mins Read

    Defiance Launches TRIL, the New Trillion Dollar Club ETF with Tech Giants and Bitcoin

    October 1, 20253 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.