FTX Collapse: Sam Bankman-Fried's Lawyers Say Three Men Made Threats Outside His Home

An incident at Sam Bankman-Fried's California home may highlight the risks faced by the FTX founder and his associates.

By Steve Huff

Bloomberg | Getty Images

In a recent filing in Manhattan federal court, attorneys for FTX founder Sam Bankman-Fried (SBF) claim that a car drove into a metal barricade outside his California home. According to Reuters, three men got out of the car and told a security guard, "You won't be able to keep us out," before quickly leaving.

While the filing did not state when the incident occurred, it noted that it happened recently.

FTX collapsed in November 2022 with a massive bankruptcy filing. SBF was subsequently arrested in December and is facing fraud and conspiracy charges related to the collapse. He has pleaded not guilty and is at his parents' home in Palo Alto until his trial begins in October 2023.

According to Bankman-Fried's attorneys, the incident at the barricade highlights the security risks faced by the crypto exchange founder and those representing him. The attorneys brought up the incident in response to media requests for the names of those who helped SBF's parents secure his $250 million bond.

While media organizations argue that the public has a right to know the identities of those helping Bankman-Fried, his attorneys say the media assigns "far too much weight to the presumption of access" and ignores safety issues for anyone involved in the case.

Steve Huff

Entrepreneur Staff

Related Topics

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

'This Made Me Physically Recoil From My Phone': Lingerie Brand Apologizes For 'Creepy' Ad Referencing Ryan Reynolds and Bras

Online lingerie retailer Harper Wilde is under fire for a bizarre sponsored post it has since pulled from Instagram.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business News

Viral Sensation 'Popcorn Guy' Has Earned a Gig at the 2023 Oscars

Jason Grosboll first went viral on TikTok for his theatrical method of buttering popcorn in a Texas movie theater.

Business News

The Scam Artist Who Robbed Backstreet Boys and NSYNC Blind. 'Some of the Guys Couldn't Pay Their Car Payment.'

In the 1990s, Lou Pearlman made millions creating the Backstreet Boys and NSYNC. It was all a giant Ponzi scheme.