FTX founder Bankman-Fried to be released on $250M bond

Dec 22 2022 by POLITICO - TOP Stories

 

A Southern District of New York judge agreed to release Sam Bankman-Fried on a $250 million bond as the FTX founder awaits trial on federal charges alleging wire fraud, money laundering and campaign finance violations.

The 30-year-old former crypto executive is being released to his parents’ home in Palo Alto, Calif. Bankman-Fried will also be subject to location monitoring and will have to surrender his passport.

The terms of his release were confirmed by a spokesman for the U.S....

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