The tech industry is going through a period of forced reinvention – and the collapse of FTX helps explain why. Essay by danielgkuhn for The Node newsletter
. Kramer, along with Stanford computer scientist Andreas Paepcke, were both identified yesterday as bail guarantors after Bankman-Fried’s lawyers missed a window to appeal the decision.
For his part, Kramer and SBF’s parents Joe Bankman and Barbara Fried have been “close friends since the mid-1990s.” They were very supportive during a cancer scare in Kramer’s family. “In turn, we have sought to support them as they face their own crisis,” Kramer said, adding he was acting solely in a personal capacity and does not have financial exposure to the mess that is FTX.
This article is excerpted from The Node, CoinDesk's daily roundup of the most pivotal stories in blockchain and crypto news. You can subscribe to get the full No one could fault a lawyer for giving a canned response, especially considering the many legal uncertainties surrounding Bankman-Fried’s criminal trial and FTX’s bankruptcy process.
Pulling back, the tech industry is already going through a period of forced reinvention, amid a shrinking economy, dwindling financial prospects and the
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sam Bankman-Fried, Caroline Ellison, and Other Company Insiders Subpoenaed by FTX for DocumentsFormer executives of FTX_Official including SBF_FTX, his father, Sam Bankman, and carolinecapital as well as other company insiders have been subpoenaed to provide documents. thesamreynolds reports
Read more »
Bankman-Fried banned from using VPN, bail arguments set for ThursdayA judge prohibited Sam Bankman-Fried from using a VPN in a new court order.
Read more »
Sam Bankman-Fried used a VPN to watch Super Bowl; hit with new bail restrictionA judge ruled Tuesday that disgraced FTX founder Sam Bankman-Fried can no longer use VPNs after the government discovered he used a private network to watch the Super Bowl.
Read more »
Stanford Research Director, Former Dean Revealed to Be Bankman-Fried's Bond SignersJUST IN: Former dean of Stanford Law School Larry Kramer and current Stanford research scientist Andreas Paepcke are the two co-signers to FTX’s Sam Bankman-Fried’s $250 million bail bond, in addition to his parents. nikhileshde reports
Read more »
Judge allows release of guarantors' identities behind Sam Bankman-Fried's bailJudge Lewis Kaplan has granted a petition from several news outlets requesting the identities of two of Sam Bankman-Fried's bail guarantors, signing on for $200,000 and $500,000.
Read more »
REVEALED: Sam Bankman-Fried’s Mystery Bail Co-SignersThe two individuals are Andreas Paepcke, who signed a $200,000 bond, and Larry Kramer, who signed a $500,000 bond.
Read more »