Car drove into barricade outside Bankman-Fried’s home, lawyers say By Reuters

By Luc Cohen

NEW YORK (Reuters) – A automobile drove right into a steel barricade outdoors Sam Bankman-Fried’s house in California, his attorneys mentioned on Thursday, in a latest incident they mentioned underscores the safety dangers confronted by the FTX founder and people making certain his return to courtroom.

In a submitting in Manhattan federal courtroom, attorneys for the 30-year-old onetime billionaire mentioned three males bought out of the automobile and advised a safety officer guarding the Palo Alto house, “You will not be capable to hold us out.” The lads, who haven’t been recognized, then bought again within the automobile and drove away.

Bankman-Fried, arrested final month on fraud and conspiracy prices associated to the collapse of the cryptocurrency trade, is beneath home arrest at his dad and mom’ house till his Oct. 2 trial. Prosecutors say he stole billions of {dollars} of FTX buyer funds to plug losses at his hedge fund.

He has pleaded not responsible.

The attorneys, Mark Cohen and Christian Everdell, didn’t specify when the incident occurred, describing it solely as latest.

The attorneys introduced up the incident in response to a push by main media retailers, together with Reuters, to make public the names of two individuals who helped assure Bankman-Fried’s bond alongside his dad and mom, each Stanford Regulation College professors who put up their home as collateral for the $250 million bond.

The information organizations argued final week that the correct of the general public to know the 2 sureties’ identities outweighed their privateness and security rights. Bankman-Fried’s attorneys mentioned the media teams “assign far an excessive amount of weight to the presumption of entry” and ignored the security of the guarantors.

“Given the notoriety of this case and the extraordinary media consideration it’s receiving, it’s cheap to imagine that the non-parent sureties will face important privateness and security considerations if their identities are disclosed,” Cohen and Everdell wrote of their letter to U.S. District Decide Lewis Kaplan.

Prosecutors took no place on whether or not to reveal the sureties’ identities or not, Bankman-Fried’s attorneys wrote within the submitting. A spokesman for the U.S. Lawyer’s workplace in Manhattan declined to remark.

Prosecutors interviewed and accepted the 2 people on Jan. 4, Cohen and Everdell wrote. They proposed that the 2 extra sureties submit bonds of $500,000 and $200,000, respectively. The sum represents the quantity they are going to be liable to pay if Bankman-Fried doesn’t present up in courtroom.

(This story has been refiled to take away an extraneous apostrophe after billionaire in paragraph 2)