Bankman-Fried’s Bail Backer Seen for First Time

FIRST ON FOX A $500,000 bond was signed by the former dean of Stanford University Law School to help secure Sam Bankman-FriedSince his identity was revealed earlier this week by court order, he has been released from house arrest.

Wednesday was the day Larry Kramer was recognized As one of two guarantors, Bankman-Fried’s parents were Stanford law professors Joseph Bankman, and Barbara Fried. They helped secure the $250 million house arrest release for the disgraced founder of FTX. 

Larry Kramer, who supported Sam Bankman Fried’s $500,000 bail bonds (Flightrisk for Fox News Digital)

Andreas Paepcke (Stanford Research Scientist), was the fourth co-signor. He signed a $200,000 bail bond for Bankman Fried, but has not shown his face in days. This is after a federal judge ordered that the un-redacted court documents that show the identities of the remaining bail-backers be made public.

At the request of Bankman Fried’s defense team, the names of Kramer and Paepcke were kept secret from the public for several weeks. They argued that it was to protect the safety of the co-signers.

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According to the attorneys, the parents of the defendant have been subject to harassment and threats since FTX collapsed in November and declared bankruptcy in November. Security concerns grew following their son’s release. The lawyers for Bankman-Fried fear that Kramer and Paepcke could face similar threats.

Sam Bankman Fried leaves New York’s courthouse on January 3, 2023. Alameda and FTX CEOs were released on bail of $250M.  (Fatih Aktas/Anadolu Agency via Getty Images / Getty Images

U.S. District judge Lewis Kaplan eventually agreed to remove the names of non-parental bail backers at the request of multiple media outlets. They argued that this was in the public’s best interest in the high-profile court case.

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As he awaits his fall trial on several charges related the collapse of his cryptocurrency exchange that resulted customers losing billions of dollar, Bankman-Fried is still under house arrest at his parents Palo Alto, California residence. 

General view of Sam Bankman Fried’s parents’ Pablo Alto home on December 13, 2022. (Flightrisk for Fox News Digital. Fox News

Judge Kaplan however suggested Thursday that Bankman Fried may be in the future He could be found back behind bars while he awaits trial, after prosecutors raised multiple concerns that the former crypto king was using virtual private networks (VPNs), encrypted messaging apps, and possibly tampering with witnesses – all of which have resulted in the tightening of his bail conditions over possible violations.

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Marta Dhanis from FOX Business contributed to this article.

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