Sam Bankman-Fried’s two anonymous sponsors put up $700K to get him out of jail

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Sam Bankman-Fried’s two anonymous sponsors put up $700K to get him out of jail
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Bankman-Fried has been under house arrest in his parents’ $4 million Palo Alto, Calif. home since last month.

The identity of the two individuals remains secret at the request of Bankman-Fried’s attorneys who say that publicizing their names could pose a security risk.

“We therefore respectfully request that the Court update the bail conditions to reflect that the two non-parent sureties will sign separate appearance bonds prepared by the Magistrate Clerk’s office in the amount of $500,000 and $200,000, respectively,” Everdell wrote. The bond was also secured after Bankman-Fried’s parents — Stanford law professors Joseph Bankman and Barbara Fried — put up their home as collateral. to guard the Palo Alto house after the accused cryptocurrency fraudster received death threats.AFP via Getty Imageswhen a black car drove into the metal barricade set up outside their home,” Everdell wrote in the court filing on Thursday.

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