Reveal Secret Signatures On SBF’s $250M Bond: Media Lawyers

Names of two unknown individuals who signed Bankman-Fried’s bond are of important public interest, say media lawyers

article-image

FTX’s Sam Bankman-Fried | Exclusive art by Axel Rangel modified by Blockworks

share

Eight mainstream media outlets are calling for the release of two unknown names who co-signed Sam Bankman-Fried’s $250 million bond.

In a letter filed with the court on Thursday, lawyers from Davis Wright Tremaine argued that the “public’s interest in this matter cannot be overstated.”

Bloomberg, Financial Times, CNBC, Reuters, Dow Jones, Insider and the Washington Post all requested US judge Lewis Kaplan publicly release the identifies of Bankman-Fried’s bail sureties.

A spokesperson for Bankman-Fried declined to comment on the matter.

The former FTX CEO was released last month on what Assistant US Attorney Nick Roos has described as “the highest ever pre-trial bond.” Bankman-Fried’s parents’ California home guaranteed the bond in lieu of actually fronting the cash. 

Bankman-Fried was arrested, extradited and charged late last year over allegedly looting his crypto exchange. Bankman-Fried faces an eight-count indictment, with charges including fraud and conspiracy.

Signing the bond was essentially a promise that Bankman-Fried would appear in court when called upon; if he fails to show — or has violated any of the judge’s conditions — the government could seize the house.

Four people were required to co-sign the bond, including one person external to the family, the New York Times reported. 

Two of those signatures were made by his parents, both Stanford Law professors. But the identities of the other two have not been disclosed, and on Jan. 3, Bankman-Fried filed a motion to conceal the identities for good.

Lawyers representing the outlets wrote:

“The public, however, has an interest in knowing who it is that provided [Bankman-Fried] with financial backing following this alleged massive fraud and political scandal, particularly given [his] close relationships with leaders of the financial industry, investors, prominent Silicon Valley billionaires, and elected representatives.”

The disgraced crypto mogul had relied on a prior case against Ghislaine Maxwell, the convicted sex offender, as she was allowed to redact information on her bail guarantors due to privacy and safety concerns. 

Lawyers for the media outlets argued the two situations are non-identical in nature and his dependency on Maxwell’s case shouldn’t be valid.

“While [Bankman-Fried] is accused of serious financial crimes, a public association with him does not carry nearly the same stigma as with the Jeffrey Epstein child sex trafficking scandal,” lawyers for the outlets said.

Bankman-Fried’s criminal lawyers, Christian R. Oversell and Mark Stewart Cohen, are former federal prosecutors who previously represented Maxwell.

He has pleaded not guilty to charges including wire fraud and money laundering, and is set to stand for trial in October.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates.png

Research

Maple Finance has successfully navigated significant market challenges through its strategic pivot to secured lending (Maple v2) and the launch of its Syrup product. Syrup has become a primary growth driver, delivering sustainable, outperforming stablecoin yields and rapidly increasing TVL. The upcoming custody-first Bitcoin staking product (istBTC) presents another significant avenue for expansion. Crucially, Maple has achieved operational profitability, a key inflection point that, combined with a fully vested token and active buyback mechanism, strengthens its investment case. While valuation metrics suggest potential undervaluation relative to peers and growth, the primary forward-looking risk identified is the long-term sustainability of its current high-take-rate collateral staking revenue model.

article-image

Funds disagree about which metrics matter, but agree fundamentals are key

article-image

PGP creator Phil Zimmermann’s connection with Bitcoin is complicated

article-image

Blockworks spoke with a dozen current and former employees about the problems that have plagued Bitget’s blockchain, Morph

article-image

Perpl, a perps DEX, plans to launch testnet by the end of this year

article-image

A recent Citi report predicted that stablecoin AUM could hit $3.7 trillion by 2030, largely because of institutional adoption

article-image

The startup hopes to reduce crypto’s reliance on AWS and Google Cloud