Skip to main content

Bankman-Fried Requests Court’s Approval for a Mystery List of Visitors to Drop by Without Security

In a legal document lodged on July 13, 2023, Sam Bankman-Fried, the former chief executive officer and founder of FTX, expressed his desire for his “close friends” to drop by his parents’ residence “without the need for a security guard to be present.” The plea from Bankman-Fried petitioned the court to maintain confidentiality regarding the list of “friends and colleagues,” a move that Inner City Press has contested.

Bankman-Fried’s Lawyers Advocate for Security-Free Visits for a Secret Group of ‘Close Friends’

Christian Everdell, legal counsel for Sam Bankman-Fried, presented a letter to the court advocating that “close friends and colleagues” as well as “household help” be permitted to call on his client without undergoing a security screening.

This request arises from the bail stipulations determined on March 28, 2023, which mandate a security guard to vet every visitor to Bankman-Fried’s parents’ dwelling, further requiring them to sign into an electronic log book.

The appeal seeks an exemption for a select roster of friends and colleagues from these protocols, a list that remains under wraps at present. “We further request that the attached list of people be filed under seal,” reads the counsel’s letter.

The letter further asserts that this collective will “abide by Mr. Bankman-Fried’s bail conditions.” One such condition restricts guests from carrying items like smartphones, tablets, and any internet-connected apparatus during their visits to Bankman-Fried.

Though the correspondence affirms that the “government consents to this request,” Inner City Press, a news outlet focused on high-profile court cases, objects to the concealment of names provided to the court.

Inner City Press’s executive director, Matthew Lee, says the legal paperwork “should be unsealed.” Initially, the court had obscured the identities of Bankman-Fried’s bond surety signers, but later disclosed them to the public in response to objections against the redaction.

Bankman-Fried’s legal team opposes the release of the list of close friends that the FTX founder has invited to visit without security. “The individuals’ privacy and safety interests greatly outweigh any presumption of access to the list and justify protecting their identities from public disclosure,” Everdell concludes in the letter to U.S. judge Lewis Kaplan.

Do you agree with Bankman-Fried’s legal team’s quest for confidentiality in this case? Should close friends be permitted to visit without security checks, or does this undermine the purpose of the established bail conditions? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/hAneamK

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...

DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC. DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification. DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens. DFD is the n...