Indicted FTX cryptocurrency exchange founder Sam Bankman-Fried persuaded a Manhattan federal judge on Tuesday to block the public disclosure of the identity of two people who have agreed, along with his parents, to sign bonds securing Bankman-Fried's release on $250 million in bail.
asking District Judge Lewis Kaplan of Manhattan to order the redaction of names and other identifying information on two bail bonds that are due to be signed on Jan. 5.
In Tuesday’s letter asking Kaplan to keep the sureties’ identities secret, Bankman-Fried’s lawyers argued that his parents have been harassed, scrutinized and even physically threatened after the collapse of their son’s businesses. There is no good reason, Bankman-Fried’s lawyers argued, to subject his other bail guarantors to the same treatment since they have “no substantive connection to the case.
The Cohen & Gresser letter argued, however, that the presumption of public access can be outweighed by “countervailing factors,” including the privacy rights of those whose identity would be revealed through public disclosure.
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