A research scientist at Stanford University was found to have signed on the $250 million bail bond for the release of Sam Bankman-Fried. In December 2022, Sam Bankman-Fried was released on a conditional bail bond after his group of companies collapsed from a valuation of $32 billion to $1 billion within days.
The former FTX CEO’s release was met with huge angst from the crypto community, which felt it was not justified to let him go after the huge losses incurred to millions of users in the crypto market.
Dr. Andreas Paepcke, a Senior Research Scientist at Stanford University, was among the co-signees apart from SBF’s parents. Paepcke is said to be working on user interfaces and systems in the areas of teaching and learning.
Another bond co-signer is Larry Kramer,a former dean of Stanford Law School. He is also a fellow of the American Academy of Arts and Sciences, and a member of the American Philosophical Society. While Paepcke put in $200,000 while Kramer provided $500,000, for Sam Bankman-Fried’s bail bond.
Leave a Reply