Sam Bankman-previously Fried’s bond’s unnamed guarantor explained to Cointelegraph why he supported the former FTX CEO.
Sam Bankman-bail Fried’s was co-signed by a former dean of Stanford Law School, who explained why he did so by saying that SBF’s parents have been “the closest of friends” and have supported his family during a “harrowing struggle with cancer.”
Larry Kramer claimed he co-signed Bankman-bond Fried’s as a way to repay the favor in a statement sent through email to Cointelegraph on February 16.
“Joe Bankman and Barbara Fried have been close friends of my wife and I since the mid-1990s,” said Kramer.
He said that during his family’s battle with cancer during the previous two years, Bankman-Fried “frequently stepping in at moment’s notice to help” with food and emotional support.”In turn, we have sought to support them as they face their own crisis,” he added.
Kramer emphasized that he had not been influenced to act as guarantor by any payments made to him by any FTX-related entity, writing:
“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.”
This assertion is supported by prior claims made by Bankman-Fried, who allegedly denied that either of the two previously unreported guarantors had received any compensation from FTX or its sister company Alameda Research.
Kramer declined to address Bankman-legal Fried’s situation, stating that this “is what the trial will be for.”
Andreas Paepcke, a prominent research scientist at Stanford University, is the other guarantor. By the time of publishing, he had yet to react to inquiries.
The crypto community has been exploring online for further information about Paepcke, but it seems that there isn’t much that links him to Bankman-Fried save their time spent together at Stanford University, where Bankman and Fried were once law professors.
After receiving a petition on Jan. 12 from eight prominent media outlets, United States District Judge Lewis Kaplan granted the request. On Feb. 15, the identities of the two former law professors were made public.