Stanford Research Director, Former Dean Revealed to Be Bankman-Fried's Bond Signers

Stanford Research Director, Former Dean Revealed to Be Bankman-Fried's Bond Signers
Nikhilesh De Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether. Follow @ nikhileshde on Twitter Cheyenne Ligon Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy.
She has no significant crypto holdings. Follow @ cheyenneligon on Twitter A federal judge ruled the names of Sam Bankman-Fried's bond co-signers should be revealed after Bankman-Fried did not apply to the appeals court. District Judge Lewis Kaplan, of the Southern District of New York, originally ruled in favor of news organizations, including CoinDesk, which argued the names of Bankman-Fried's signers were of public interest, but stated the ruling pending an appeal.
While Bankman-Fried's attorneys filed a notice that they would appeal, they did not file the actual appeal, the judge said in a new ruling Wednesday. The signers were revealed to be Stanford University's Andreas Paepcke and Larry Kramer , who put up $200,000 and $500,000, respectively. Bankman-Fried's parents are both Stanford instructors.
Paepcke is a senior research scientist while Kramer is a former dean of Stanford Law School. Kramer told CoinDesk it was his friendship with Bankman-Fried's parents, Barbara Fried and Joseph Bankman, that led him to post bail for the now-disgraced former FTX CEO. "Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s.
During the past two years, while my family faced a harrowing battle with cancer, they have been the truest of friends – bringing food, providing moral support, and frequently stepping in at moment's notice to help. In turn, we have sought to support them as they face their own crisis," Kramer said in a statement provided to CoinDesk. "My actions are in my personal capacity, and I have no business dealings or interest in this matter other than to help our loyal and steadfast friends.
Nor do I have any comment or position regarding the substance of the legal matter itself, which is what the trial will be for," Kramer added. " Paepcke did not immediately return CoinDesk's request for comment. Bankman-Fried was arrested in December but released on a $250 million bond.
His parents signed for the bond, putting their Stanford home up as collateral. The names of the other two signers were initially redacted. UPDATE (Feb.
15, 2023, 18:47 UTC): Adds additional detail. UPDATE (Feb. 15, 2023, 19:41 UTC): Adds comment from Larry Kramer.
DISCLOSURE Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated . The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups .
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG . Nikhilesh De Nikhilesh De is CoinDesk's managing editor for global policy and regulation.
He owns marginal amounts of bitcoin and ether. Follow @ nikhileshde on Twitter Cheyenne Ligon Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Follow @ cheyenneligon on Twitter Learn more about Consensus 2023 , CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus. coindesk.
com to register and buy your pass now. Nikhilesh De Nikhilesh De is CoinDesk's managing editor for global policy and regulation. He owns marginal amounts of bitcoin and ether.
Follow @ nikhileshde on Twitter Cheyenne Ligon Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings. Follow @ cheyenneligon on Twitter.