Court orders disclosure of Sam Bankman-Frie’s bond co-signers

02/16/2023 20:39 • NFT Newsflash • 118 views

It is reported that after SBF did not apply to the Court of Appeal, a federal judge ruled that the names of the co-signers of the bonds of Sam Bankman-Frie (SBF) should be disclosed. Lewis Kaplan, a District Judge for the Southern District of New York, initially made a ruling in favor of news organizations including CoinDesk. The latter believed that it was in the public interest to disclose the name of the signer of the SBF, but said that the decision was pending appeal. SBF said in a new ruling on Wednesday that the lawyers had issued a notice that they would appeal, but did not file an actual appeal.

The research director and former dean of Stanford University was revealed to be the bond signer of SBF

Interpret the above information:

In a recent development, a federal judge has ordered the disclosure of the co-signers of the bonds issued by Sam Bankman-Frie (SBF), the founder of cryptocurrency derivatives exchange FTX. The decision was made by District Judge Lewis Kaplan for the Southern District of New York, after news organizations including CoinDesk argued that it was in the public interest to reveal the names of SBF’s co-signers.

The ruling follows an earlier decision by Judge Kaplan, who initially ruled in favor of the news organizations but had his decision challenged on appeal. SBF had the option to appeal the ruling but failed to do so, meaning that the original decision now stands and the names of the co-signers must be disclosed.

The importance of this ruling lies in the fact that it highlights the growing need for transparency and accountability in the cryptocurrency industry. With cryptocurrencies becoming increasingly mainstream, it is crucial that investors and stakeholders are aware of the risks associated with investing in these assets, including the potential involvement of bad actors.

SBF is a prominent figure in the cryptocurrency industry, and his exchange FTX is one of the largest and most popular in the market. The decision to disclose the co-signers of SBF’s bonds will help to clarify the financial relationships and transactions that have taken place within the exchange, giving investors and regulators greater insight into its operations.

Overall, this ruling represents a significant step forward for transparency and accountability in the cryptocurrency industry. As cryptocurrencies continue to gain popularity and attract more investment, it is essential that we have robust mechanisms in place to ensure that bad actors are kept at bay, and investors are given the information they need to make informed decisions about their portfolios.

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Court orders disclosure of Sam Bankman-Frie’s bond co-signers

The research director and former dean of Stanford University was revealed to be the bond signer of SBF

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