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Bankman-Fried’s parents were physically threatened, his attorneys say

NEW YORK (Reuters) – Sam Bankman-Fried’s parents have received physical threats since the collapse of their son’s now-bankrupt cryptocurrency exchange FTX, his lawyers said on Tuesday.

The disclosure came in a Manhattan federal court filing in which attorneys asked not to disclose the names of two remaining guarantors for Bankman-Fried’s $250 million bond.

Bankman-Fried has been living with his parents, Joseph Bankman and Barbara Fried, under electronic surveillance since bail terms were set.

In the filing filed Tuesday, his attorneys said the parents “have been the target of intense media scrutiny, harassment and threats in recent weeks. Among other things, Mr. Bankman-Fried’s parents have received a steady stream of threatening letters, including notices expressing a desire to cause them physical harm.”

As a result, the attorneys indicated that there was “serious concern” that the additional guarantors could face similar invasions of privacy, threats and harassment, and that this negates any public right to access their identities.

Bankman and Fried are professors at Stanford Law School.

They agreed to co-sign their son’s bond, with the additional guarantors signing separate bonds in smaller amounts.

Bankman-Fried is expected to plead not guilty later Tuesday to defrauding investors and looting billions of dollars from FTX, a source familiar with the matter said last week.

He is accused of illegally using FTX client deposits to support his hedge fund Alameda Research, buying real estate and making millions of dollars in political donations.

(Reporting by Jonathan Stempel in New York; Editing by Tomasz Janowski)

Source: Crypto News Deutsch

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