Who is behind Sam Bankman-Fried’s staggering $250 million bail?

The legal troubles of Sam Bankman-Fried (SBF), the alleged person behind the massive collapse of FTX Trading Ltd, keep piling up. In the latest court case, a federal judge refused SBF’s proposal to change the terms of the bond.

Who’s behind FTX founder’s $250 million bail?

According to reports, U.S. District Judge Lewis Kaplan dismissed the Sam Bankman-Fried attorney’s appeal without providing reasons. However, he announced that a bail hearing remains pending on February 9, 2023. The judge went on to reject the agreement that allowed Sam Bankman-Fried to use several communication applications.

The decision comes after FTX’s founder and prosecutors reached an agreement to respond to Sam Bankman-Fried’s attempts to suborn witnesses.

The new court documents revealed that SBF and its legal team appealed Judge Kaplan’s order to disclose the identities of two people involved in the $250 million bail. This means that the people who helped Sam Bankman-Fried get his bail will remain secret for now.

Sam Bankman-Fried, is living under a $250 million bail in Palo Alto, California. However, his parents posted bail after the court decision, but they could not have been the only ones who helped pay their son’s bail.

Can Sam Bankman-Fried win the interlocutory appeal?

Attorney Jeremy Hogan stated that this is an interlocutory appeal in the FTX case. He stated that this appeal is very rare and difficult to win. This appeal involves the alleged person really not wanting to reveal individual details in public.

Jeremy Hogan added that this is an appeal of a non-final decision. A person can always appeal a final decision, but they can’t always appeal an interlocutory order, which makes it more difficult.