Stanford Alumni Reveal as Co-Signers for FTX’s $250M Bond

Stanford Alumni Named Co-Signers for FTX’s $250M Bond

According to court documents, the New York judge who presided over the case in which Sam Bankman-Fried was the former CEO of FTX in Manhattan has released the names of the two co-signers to Bankman-Fried’s bond. Names of two bail bond cosigners who were previously removed from court documents have been redacted. They are Stanford University alumni Larry Kramer, and Andreas Paepcke.

Details on SBF’s Bail Bond Signers

Sam Bankman-Fried (SBF) is facing eight charges of financial misconduct. He is accused of mishandling customer funds. His trial is scheduled for October 3, 2023. He is currently on bail and being monitored by an ankle bracelet. His parents, Stanford faculty home, secured the bond agreement for SBF at $250 million. Two co-signers also supported the agreement. Their names were not known because they were being protected by lawyers.

Stanford Alumni Reveal as Co-Signers for FTX's $250M Bond
Stanford University was the co-signer of SBF’s bail bond of $250M. Pictured on the left is Andreas Paepcke, and Larry Kramer on the right is Larry Kramer.

The New York judge will be appearing Wednesday Unsealed The names of the co-signers were previously redacted, which revealed that they were both prominent Stanford University alumni. Larry Kramer, who was the former dean at Stanford Law School between 2005 and 2012, was one co-signer. Andreas Paepcke is the other co-signer. He is a Stanford University senior researcher in computer science and a former dean of Stanford Law School from 2005 to 2012. Kramer is president of the left-leaning Hewlett Foundation. He aims to boost ‘effective Philanthropy’. :

Since the mid-1990s, Joe Bankman and Barbara Fried were close friends of mine and my wife. While my family has been fighting a terrible battle with cancer for the past two years they have been there for us, bringing food, moral support, and often stepping in when we needed them. We have tried to help them in their time of need.

Reports indicate that several news outlets tried to reach Andreas Paepcke to comment on his computer science research, but he did not respond to their requests. According to his bio Paepcke is interested “interfaces and system” and uses “data analytics to create tools that will benefit these online efforts.” Comment On the resemblance of SBF and Paepcke. SBF Submitted Tiffany Fong, journalist, stated that neither bond guarantors received payments from FTX nor Alameda.

What do you think about the disclosure of co-signers’ identities as part of Sam Bankman-Fried’s bail agreement? Comment below to share your thoughts.

By David Warsh

David Warsh is a leading expert in the field of cryptocurrency and blockchain technology. With over a decade of experience in the industry, he has a deep understanding of the intricacies of digital currencies and the potential they hold for revolutionizing various industries.