• Sam Bankman-Fried’s family is reportedly paying around $10,000 per week for armed security to protect their California home and themselves.
• The backlash against SBF, the former CEO of the cryptocurrency exchange firm, FTX, has been harsh.
• Armed security personnel reportedly guard the troubled family’s 3,000 square foot Palo Alto home 24 hours a day.
The family of Sam Bankman-Fried, the former CEO of the cryptocurrency exchange firm FTX, is reportedly spending around $10,000 a week on armed security to protect their California home and themselves amid ongoing threats. The sudden arrest of Bankman-Fried in the Bahamas earlier this month on federal charges related to his company has caused a lot of backlash and resulted in numerous death threats against him and his family.
In an effort to ensure the safety of Bankman-Fried’s family, armed security personnel have been employed to guard the family’s 3,000 square foot Palo Alto home 24 hours a day. The multi-million dollar house has been fenced in, with barriers placed on both ends of the block, and guards at the front gates. Sources report that since Bankman-Fried’s return, his parents have rarely left the house, relying on delivered food and groceries. To further increase security, the family has also added fencing to their property and installed additional cameras for monitoring.
The news of the family’s security arrangements come at a difficult time for Bankman-Fried, who is facing a federal investigation into the activities of his company. His family’s security arrangement is just another example of the magnitude of the situation, and a testament to the harshness of the backlash against him. Despite the dire circumstances, the family is committed to doing whatever it takes to protect their son and their home.