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FTX Co-Founder Sam Bankman-Fried Released on $250 Million Bail, Reports Say – CNET [CNET]
Sam Bankman-Fried was released on a $250 million bond Thursday.
Stephanie Keith/Bloomberg via Getty Images
Sam Bankman-Fried, the co-founder and former CEO of collapsed crypto exchange FTX, walked out of a Manhattan courthouse Thursday after being released on a $250 million bound, according to the Associated Press.
The assistant U.S. attorney Nicolas Roos reportedly said this is believed to be the largest federal pretrial bond ever. Bankman-Fried will be under house arrest at his parents’ home in Palo Alto, California until his next hearing in New York City on Jan. 3.
This story is being updated.
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