Mon, November 18

FTX’s Former CEO SBF Seeks Visitation Privileges Without Security

Caroline Ellison to Testify Against SBF in Fraud Trial This Week Exchange News
  • The lawyers maintained that get-togethers didn’t need a permanent security presence.
  • The solicitors also asked that the public not learn the identities of these persons.

The solicitors for Sam Bankman-Fried (SBF) asked Judge Lewis Kaplan for permission to have specific visitors see their client without going through security checks. Despite being permitted to live with his parents, the former FTX CEO is subject to several constraints. If he has visitors over, a security guard must be present.

Lawyers for Bankman-Fried asked New York District Court Judge Lewis Kaplan in a formal letter to allow “close friends” to see their client at his parents’ home in Palo Alto, California. They maintained that get-togethers didn’t need a permanent security presence.

The lawyers stated:

“On behalf of our client, Samuel Bankman-Fried, we write to respectfully request that the Court issue an order permitting the people on the attached list to visit his parents’ house without the need for a security guard to be present.”

Targets of Threats in the Past

For safety considerations, the solicitors also asked that the public not learn the identities of these persons. Given that SBF and his parents have been the targets of threats and harassment in the past, it may be prudent to keep their names “under seal.”

In January, three men were involved in an automobile accident with the house’s barrier. They then reentered the car and left, hoping to avoid being seen. A federal court in New York granted SBF bail in the amount of $250 million so that he could remain with his family two months after FTX’s collapse.

The legal proceedings are underway and SBF has denied all charges levied against him. The FTX collapse is one of the significant turning points in the history of the crypto sector. 

Highlighted Crypto News Today:

Will Solana Recent Surge Propel SOL to Overtake Cardano (ADA)?

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.