FTX founder Sam Bankman-Fried will be released on $250 million bail in a deal designed by federal prosecutors and Bankman-Fried’s defense attorneys, a New York federal judge ruled on Thursday. …
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His parents, both Stanford Law professors, were present in the courtroom. Bankman-Fried was flanked by two U.S. Marshals, dressed in a suit and tie.
Bankman-Fried’s parents would put up the equity in their home to partially satisfy bail conditions. As part of the release, Bankman-Fried would be released into the custody of his parents home.
[So long, SBF. You’d better believe that he’ll get all sorts of help in escaping abroad, the next time to a country without an extradition agreement with the US. — Ed]
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