Sam Bankman-Fried Gets to Hide Details About His Giant Bail Agreement
FTX founder Sam Bankman-Fried scored a modest win during a hearing in Manhattan court on Tuesday, in which he also pleaded not guilty to an eight-count indictment that could land him in prison for the rest of his life.
On Tuesday morning, one of his lawyers urged the court to shield some details of his enormous $250 million bail agreement from the public. Two guarantors of “considerable means” must sign bonds as part of the deal, and the attorney asked for their names to be sealed, arguing that they would otherwise face harassment and intrusions on their privacy. (Bankman-Fried’s parents have also put up their house as collateral.)
Judge Lewis Kaplan agreed to the request during the hearing, though he did so without prejudice, meaning it could still be revisited.