Feb 16, 2023

Stanford Law Dean Co-Signs SBF’s Bail, Citing Friendship

Two prominent figures from the world of academia have come forward to co-sign the bail of Sam Bankman-Fried, the former CEO of crypto exchange FTX. Larry Kramer, the former dean of Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford University, have both signed bail of $500,000 and $200,000 respectively.

In an emailed statement to Cointelegraph, Kramer said he co-signed Bankman-Fried’s bail as a way to return the favor to his parents, Joe Bankman and Barbara Fried. Kramer said the two have been close friends of his family since the mid-1990s, and have provided food and moral support during a “harrowing battle with cancer”.

Kramer emphasized that he had not been influenced to act as guarantor by any payments made to him by any FTX-related entity, writing: “My actions are in my personal capacity, and I have no business dealings or interest in this matter other than to help our loyal and steadfast friends.”

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 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, where Bankman and Fried used to be law professors.

The news of the two guarantors comes as the crypto space continues to explore the potential of Non-Fungible Tokens (NFTs) and Web3 technologies. NFTs have already been used for a variety of purposes, including art, music, and gaming. As the sector continues to grow, many companies are looking for ways to market and promote their NFTs, and are turning to specialized NFT marketing and promotion agencies to help them do so.

These agencies can help companies create effective NFT campaigns that are tailored to their brand and target audience. They also have the expertise to create effective NFT promotions on Twitter, a platform that has become increasingly popular for NFT marketing.

Ultimately, the emergence of NFTs and Web3 technologies has opened up a new world of possibilities for companies and individuals alike. As the sector continues to grow, it will be interesting to see how companies use NFTs to promote their products and services, and how specialized NFT marketing agencies will continue to innovate in this space.

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