Three men tried to break into Sam Bankman-Fried’s parents’ home, prosecutors claim

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There was a “security incident” recently in the Palo Alto, California, home owned by the parents of the disgraced former owner of the crypto exchange FTX Sam Bankman-Fried, attorney representing Bankman-Fried in his fraud case said in a letter Thursday. to the judge overseeing the Bankman-Fried case.

Basic Facts

Attorneys Mark Cohen and Christian Everdell wrote: “Bankman-Fried and her parents have become the target of real efforts to cause them.

After driving through a metal fence in front of the house, three men told the police officer something like this: “You can’t keep us out,”’ according to ate with the book, before leaving.

The individuals have not been identified, Cohen and Everdell said, but it comes amid intense public backlash against Bankman-Fried as she defrauded clients of billions of dollars.

The retelling of the incident was part of the prosecutor’s request to reveal the statements of others who Bankman-Fried confirmed the $250 million in. set to release him.

Nothing appears to be the case in Palo Alto police records, which are available through Jan. 6, and the department did not immediately respond to requests for comment. Forbes’ explore.

Basic conditions

Bankman-Fried had been living at the home of her parents Joseph Bankman and Barbara Fried since late December when she bail out, with his parents putting up the money in a house later valued at $1.8 million and located a stone’s throw from Stanford University’s campus, where they both worked as law professors. Once worth an estimated $26.5 billion and widely known as a crypto wunderkind, the 30-year-old Bankman-Fried’s wealth and reputation crumbled in November when FTX declared bankruptcy after After revelations about his frosty relationship with Bankman-Fried’s hedge fund Alameda Research, it fell further after US authorities indicted Bankman-Fried on eight federal charges. After entering a not guilty plea earlier this month, Bankman-Fried is expected to go on trial in October.


New CEO of FTX John J. Ray III said Thursday The company is considering reviving the exchange amid its bankruptcy proceedings. That admission drew a strong response from Bankman-Fried, who tweeted the proof that the American arm of FTX was not damaged, as he said.

Additional Views

Read more

‘I Didn’t Steal Money’: Bankman-Fried News Release—And Defense (Forbes)

FTX Investigates Bankruptcy Exchange, Says New CEO (Forbes)

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