Lawyers for Sam Bankman-Fried (SBF) claimed that three men drove their vehicle into a metal barricade in front of his parents’ home in California.
The family of the former FTX CEO recently admitted that they became the target of “intense media scrutiny, harassment” and even physical threats.
The security incident
The gigantic accident FTX it caused multi-million dollar losses to investors and made SBF one of the most infamous figures in the cryptocurrency space. US authorities accused the 30-year-old being the main culprit in the collapse, committing various crimes such as money laundering and fraud.
Unsurprisingly, the wave of criticism swept through affected investors, many of whom also blamed him for the event.
Your lawyers recently revealed that three individuals crashed their car into the barricade of their current house and told a security officer:
“You won’t be able to keep us out.”
They then got back into the vehicle and drove off without being recognized. The man guarding the house in Palo Alto was unable to search the license plate of the car.
The incident occurred nearly a month after a New York federal judge permitted SBF to live in his parents’ house with a record $250 million bonus. Prior to that, he spent a week in the Bahamian Fox Hill prison, while the October 2, 2023 trial will determine whether he played a role in FTX’s disappearance and determine his final sentence.
The lawyers revealed earlier this month that his mother, Barbara Fried, and father, Joseph Bankman, received “a constant stream of threatening correspondence, including communications expressing a desire for physical harm.”
Who allowed the link?
The $250 million bail that allowed SBF to await his trial at his parents’ home sparked a lot of controversy in the crypto community. As such, major news outlets, including Bloomberg, CNBC, The Financial Times, The Washington Post, and others, urged the judge overseeing the case to reveal the names of the people who allowed it.
SBF’s lawyers declined to provide details about the application, explaining that there was a high probability that those guarantors would experience similar harassment to Ms Fried and Mr Bankman if their profiles were made public:
“Given the high profile of this case and the extraordinary media attention it is receiving, it is reasonable to assume that non-parental guarantors will face significant privacy and security issues if their identities are revealed.”
Prosecutors have yet to take any steps to honor the media’s appeal.
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