Get All Access for $5/mo

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

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Growing a Business

How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Wondering how long your marketing emails should be? Here's what consumers say — so you can send them exactly what they like.

Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.

Business News

Y Combinator Helped Launch Reddit, Airbnb and Dropbox. Here's What I Learned From Its Free Startup School.

The famed startup accelerator offers a free course on building a business — and answers five pressing questions for founders.