Sam Bankman-Fried Gets Out $250 Million Bail

0
6
By Tom Bemis Former CEO of FTX will live at his parents home in California while he awaits trial in the massive collapse of crypto exchange FTX. Sam Bankman-Fried is being released on a huge recognizance bond following his appearance in a Manhattan Federal Court to face fraud charges related to the collapse of FTX and Alameda Research. The disgraced crypto king was extradited from the Bahamas to the United States late on Dec. 21. He appeared in a federal court in Manhattan Thursday, but entered no plea. His next court appearance is set for Jan. 3. Bankman-Fried was released after his parents, …