Legal Battle Over Co-Signers in SBF $250M Bail

NEW YORK – Various media outlets such as Bloomberg, WSJ, and CNBC have submitted court filings to publicize the co-signers of Sam Bankman-Fried’s $250 million bond. SBF was released from jail after his parents put up their $4 million Palo Alto, CA, home as collateral, but who funded the remaining balance is so far unknown. 

SBF’s attorneys requested that the other two co-signers who funded the bail amount remain anonymous, citing physical threats to the individuals involved.

Attorneys for the Associated Press, Bloomberg, Washington Post, the Financial Times, CNBC, and Reuters submitted a filing to Judge Lewis Kaplan on Thursday that the co-signer's names be revealed stating, “the public’s interest in this matter cannot be overstated.” 

The New York Times – which wrote a glowing piece about SBF shortly after the FTX bankruptcy – has also submitted its own filing for the same request.

Another filing submitted by attorneys for CoinDesk stated, “any purported interest in keeping these names secret is outweighed by the tremendous of … these individuals.”

SBF was released on bail on Dec 22, 2022.