{"id":20748,"date":"2023-02-16T11:21:56","date_gmt":"2023-02-16T19:21:56","guid":{"rendered":"https:\/\/coinnetworknews.com\/stanford-alumni-revealed-as-co-signers-of-ftx-co-founders-250m-bond-bitcoin-news\/"},"modified":"2023-02-16T11:21:56","modified_gmt":"2023-02-16T19:21:56","slug":"stanford-alumni-revealed-as-co-signers-of-ftx-co-founders-250m-bond-bitcoin-news","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/stanford-alumni-revealed-as-co-signers-of-ftx-co-founders-250m-bond-bitcoin-news\/","title":{"rendered":"Stanford Alumni Revealed as Co-Signers of FTX Co-Founder’s $250M Bond \u2013 Bitcoin News"},"content":{"rendered":"
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According to the latest court documents in the fraud case involving former FTX CEO Sam Bankman-Fried in Manhattan, the New York judge presiding over the case unsealed the co-signers of Bankman-Fried\u2019s bond on Wednesday. The names of the two bail bond co-signers that were previously redacted from court documents are Stanford University alumni Larry Kramer and Andreas Paepcke. <\/strong><\/p>\n

Details Emerge on SBF\u2019s Bail Bond Co-Signers<\/h2>\n

Sam Bankman-Fried<\/a> (SBF), co-founder of FTX, faces eight counts<\/a> of financial misconduct for allegedly mishandling customer funds. He is currently out on bail and is being monitored by an ankle bracelet, with his trial scheduled for Oct. 3, 2023. SBF\u2019s $250 million bond agreement was secured by his parents\u2019 Stanford faculty home, and two co-signers backed the agreement. However, their names were previously unknown because lawyers argued that they should remain redacted for privacy reasons.<\/p>\n

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The two co-signers of SBF\u2019s $250M bail bond were both members of Stanford University. Co-signer Andreas Paepcke is pictured on the left and co-signer Larry Kramer is pictured on the right.<\/figcaption><\/figure>\n

On Wednesday, the New York judge unsealed<\/a> the previously redacted names of the two co-signers, revealing that they were prominent members of Stanford University. One co-signer was Larry Kramer, a former dean of Stanford Law School from 2005 to 2012. The other co-signer was Andreas Paepcke, a senior research scientist in computer science at Stanford University. Kramer is the president of the left-leaning Hewlett Foundation, which aims to bolster \u2018effective philanthropy.\u2019 He has described SBF\u2019s parents as \u201cthe truest of friends.\u201d In a statement sent to multiple media publications, Kramer said<\/a>:<\/p>\n

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Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s. During the past two years, while my family faced a harrowing battle with cancer, they have been the truest of friends \u2014 bringing food, providing moral support, and frequently stepping in at moment\u2019s notice to help. In turn, we have sought to support them as they face their own crisis.<\/p>\n<\/blockquote>\n

According to reports, several news outlets have attempted to get a comment from computer science researcher Andreas Paepcke, but he has not responded to requests. According to his bio, Paepcke is interested in \u2018interfaces and systems\u2019 and leverages \u2018data analytics to create tools that benefit these online efforts.\u2019 Some people on Twitter also commented<\/a> on the resemblance between SBF and Paepcke. SBF told<\/a> journalist Tiffany Fong that neither of the bond guarantors \u201creceived payments from FTX or Alameda.\u201d<\/p>\n

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$250 million bond<\/a>, alameda<\/a>, Andreas Paepcke<\/a>, ankle bracelet<\/a>, bail bond<\/a>, Barbara Fried<\/a>, cancer<\/a>, co-signers<\/a>, co-signers FTX<\/a>, comments<\/a>, computer science<\/a>, Customer Funds<\/a>, data analytics<\/a>, Dean<\/a>, effective philanthropy<\/a>, financial misconduct<\/a>, fraud case<\/a>, ftx<\/a>, Hewlett Foundation<\/a>, Joe Bankman<\/a>, Larry Kramer<\/a>, Manhattan<\/a>, new york judge<\/a>, Payments<\/a>, Privacy<\/a>, redacted<\/a>, research scientist<\/a>, Sam Bankman-Fried<\/a>, Stanford Law School<\/a>, Stanford University<\/a>, Stanford University alumni<\/a>, Stanford University members<\/a>, Trial<\/a>, Twitter<\/a><\/div>\n<\/div>\n

What are your thoughts on the revelation of the co-signers\u2019 identities in Sam Bankman-Fried\u2019s bail agreement? Share your thoughts in the comments below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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