Just-In: SBF’s $250 million Bail Guarantor To Remain Confidential

FTX News: Legal problems for Sam Bankman-Fried, the alleged perpetrator of the collapse of FTX Trading Ltd’s massive trading platform, are increasing. A federal judge rejected the SBF’s request to modify bail conditions in the latest court proceedings.
According to reports, US District Judge Lewis Kaplan denied the appeal of SBF’s lawyer without giving any reasons. He did announce that a hearing on bail is still pending for February 9, 2023. The judge rejected the agreement that allowed SBF to use multiple communication applications.


This is a result of an agreement between prosecutors and FTX founder to address witness tampering distress.
New court filings reveal that SBF and his legal team appealed Judge Kaplan’s order for the identities of two people involved in the bail bond of $250 million to be disclosed. This means that Sam Bankman-Fried’s bail package will remain secret for the moment. Continue reading FTX News here…
SBF, the alleged perpetrator of the terrible crash of FTX, is currently living in Palo Alto on a bond of $250 million. His parent, however, guaranteed the bond following the court’s decision.
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Attorney Jeremy Hogan stated this is an interlocutory appeal in FTX Case. He said that this appeal is rare and difficult to win. This appeal suggests that the alleged victim doesn’t want the details to be made public.
Hogan said that this is an appeal against a non-final decision. A person can appeal for a final ruling but they cannot always appeal an interlocutory or interim order, which makes it more difficult.

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