Sam Bankman-Fried’s attorneys claimed that three guys crashed their car into a metal barrier in front of his parents’ California home.
Recently, the family of the former CEO of FTX revealed that they were subjected to “extreme public scrutiny, abuse, and even violent threats.”
The massive collapse of FTX resulted in multibillion-dollar investor losses and made SBF one of the most famous individuals in the cryptocurrency industry. Authorities in the United States accused the 30-year-old of being the principal perpetrator behind the collapse, having committed many crimes including money laundering and fraud.
As anticipated, the wave of criticism rippled among impacted investors, many of whom also held him accountable for the occurrence.
His lawyers just disclosed that three guys rammed their vehicle through the home’s barrier and warned a security officer.
They then returned to their car and fled without being identified. The Palo Alto security officer was unable to register the vehicle’s licence plate.
The event occurred around one month after a New York federal court permitted SBF to reside with his parents on a record-breaking $250 million bail. Prior to that, he spent a week in the Bahamian Fox Hill Prison, while his trial on October 2, 2023, will establish if he has been involved in the FTX’s destruction and his eventual punishment.
The attorneys stated earlier this month that his mother, Barbara Fried, and father, Joseph Bankman, had received “a regular stream of threatening letters, including messages expressing a wish for them to suffer physical harm.”
The $250 million bail that allowed SBF to reside with his parents while awaiting trial created tremendous outrage in the crypto world. As a result, prominent media sites, including Bloomberg, CNBC, The Financial Times, and The Washington Post, requested the court presiding over the case to release the identities of those who authorised it.
SBF’s attorneys refused to furnish specifics on the request, citing the likelihood that the sureties would experience similar harassment as Ms Fried and Mr Bankman if their profiles were made public:
“Given the popularity of this case and the considerable media attention it is getting, it is fair to suppose that if their names are revealed, the non-parent sureties will suffer severe privacy and safety issues.” The prosecution has not yet taken measures to fulfil the media outlets’ appeal.
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