The court ordered SBF's bail co-signers to be revealed.
Stanford scholar signed SBF $250 million bail bond.
Mandated that the co-signers of Sam Bankman-Fried's bail be made public.
It was discovered that the $250 million bail bond for Sam Bankman-Fried's release was signed by a researcher at Stanford University. Sam Bankman-Fried's group of businesses declined from a $32 billion valuation to $1 billion in a matter of days in December 2022, leading to his release on a conditional bail bond. The crypto community, who felt it was unjustified to let him go after the enormous losses sustained by millions of users in the crypto market, was extremely upset by the former FTX CEO's release.
Aside from sbf parents, Dr. Andreas Paepcke, a Senior Research Scientist at Stanford University, was a co-signatory. According to Paepcke's Stanford University bio, he is reportedly focusing on user interfaces and systems for teaching and learning. After the case's assigned judge ordered the unsealing of Sam Bankman-Fried's bond co-signers, the name was made public.
Former Stanford Law School dean Larry Kramer is a second co-signer on the bond. In addition, he belongs to the American Philosophical Society and is a fellow of the American Academy of Arts and Sciences. Kramer contributed $500,000, while Paepcke contributed $200,000 towards Sam Bankman-Fried's bail bond.