Lawyers explain why bail differs for crypto washouts SBF and Eisenberg
Has-been crypto stars SBF and Avi Eisenberg have handled their court cases very differently. Here’s what lawyers think.
Cryptocurrency news by Protos · Protos
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Show Notes
In the US, state and federal bail restrictions can differ wildly and, unless there’s some reason to believe that a charged individual will hurt themselves or others or flee before their trial, federal bail conditions are usually quite reasonable.
In the case of Sam Bankman-Fried, while he’s charged with the third largest corporate fraud in history (surpassed only by Bernie Madoff and Enron), he’s also never committed another crime, was relatively easily extradited from The Bahamas, and comes from a well-connected family at Stanford University.
Meanwhile, Avraham Eisenberg, the exploiter of the decentralized exchange Mango Markets, also faced bail hearings this month. Only, Eisenberg waived his right to bail entirely and went directly to jail.
So, why were their bail cases treated so differently? Protos reached out to several lawyers who spoke on background to provide some answers.
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