Feb 16, 2023

Stanford Law Dean Co-Signs Sam Bankman-Fried’s Bail in Return for Friendship

Two former Stanford Law School professors have stepped up to co-sign the bail of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX.

According to an emailed statement, Larry Kramer, the former dean of Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford University, have signed for $500K and $200K respectively in order to help out their “truest of friends”.

Kramer said that Bankman and Fried had provided food and moral support to his family during a “harrowing battle with cancer” over the past two years, and that he had decided to return the favor by co-signing Bankman-Fried’s bail.

Kramer was quick to point out that he had not been influenced to act as guarantor by any payments made to him by any FTX-related entity. Bankman-Fried himself has also denied that either guarantor has received payments from FTX or sister-firm Alameda Research.

The crypto community has been searching the web looking for more details on Paepcke, but there appears to be little information connecting him to Bankman-Fried outside of their association at Stanford University.

The two guarantors were allowed to be made public on Feb. 15, after being petitioned by eight major media outlets in a Jan. 12 letter. Bankman-Fried’s lawyers had sought to keep the two anonymous, arguing that the pair could be subject to intrusions, threats and harassment if their names were made public.

However, United States District Judge Lewis Kaplan disagreed, noting that the pair had voluntarily signed individual bonds in a “highly publicized criminal proceeding”, and had therefore opened themselves up to public scrutiny.

The news comes at an interesting time in the crypto and web3 space, as NFTs have become increasingly popular and the demand for NFT marketing and promotion has skyrocketed.

NFTs have become a powerful tool for crypto companies to build their brand, engage their customers, and drive sales. As a result, many businesses are now turning to NFT marketing agencies and web3 agencies to help them create and promote their NFTs.

Twitter NFT marketing is one of the most popular forms of NFT promotion, as it allows businesses to reach a large and engaged audience. NFT marketing agencies are also offering a range of services such as NFT design, NFT marketplace integration, and NFT launch campaigns to help businesses create and sell NFTs.

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