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Sam bankman-fried's lawyers have asked a court to redact the names and credentials of both co-signers, Besides her mom and dad, for the $250 million guarantee from the former CEO of FTX, The Tuesday cases, please.
In the filing, counsel invoked privacy and security concerns to request that identities be concealed. Lawyers have been told that the United States government is not taking a position on the application, depending on the filing.
In the letter to the presiding judge lewis r. kaplan, the lawyers indicate s. cohen and christian r. Everdell de cohen et gresser llp stated that their claim is justified because "all relevant information for court supervision of bail procedure" – including bail requirements – will be publicly available, All they're trying to do is block public disclosure of identities.
Lawyers also stated that the parents of bankman-fried "received a steady stream of threatening letters, including communications expressing a desire for them to suffer physical harm. Consequently, There is reason to be seriously concerned that the two additional guarantors would be subject to similar intrusions on their privacy as well as threats and harassment if their names are not blacked out on their sureties or if their identity is otherwise disclosed to the public."
After the astonishing crash of his multi-billion-dollar cryptography company in November of last year, Bankman-Fried has been charged by New York South District with money laundering and conspiracy to commit electronic fraud. The founder of the crypto exchange now in bankruptcy ftx was arrested in the Bahamas, and was extradited to the United States to face charges in December.
Bankman-Fried's parents' house in California, as well as two additional sureties, secured the bail for his release following an appearance in the U.S. federal court in New York on Dec. 22. The means by which the bond for his bail was secured was heavily scrutinized in the days that followed his release.
Now, before her arraignment hearing on Tuesday in New York, Bankman-Fried's lawyers request that the identity of both sureties "be redacted on the sureties they sign" and "not publicly disclosed by the government."
"In addition, the limited relief requested herein is closely commensurate with the protection of interests generally recognized by the courts as warranting an exception to the right of restricted public access, namely, Bail Privacy and Security".
