FTX founder Sam Bankman-Fried to be released on $250 million bail and will live with his parents

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Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse on Thursday with his parents after they agreed to sign a $250 million (€235 million) bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform. Assistant US Attorney Nicolas Roos said in federal court that Bankman-Fried, 30, “perpetrated a fraud of epic proportions”. Roos proposed strict bail terms, including the $250 million (€235 million) bond — which he said is believed to be the largest federal pretrial bond…