No, Sam Bankman-Fried and his parents didn't just shell out $250 million for bail. Here's how it works.

Dec 22 2022 by Business Insider

 
Sam Bankman-Fried appeared in federal court in Manhattan on Thursday before being released as part of a $250 bail agreement.

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A New York federal court released Sam Bankman-Fried on Thursday on a $250 million bail. He didn't pay it upfront, but his parents' Palo Alto home helps secure his promise not to flee. Bankman-Fried said last month that he believed he had about $100,000 in his bank account.

Sam Bankman-Fried was released on a $250 million bail after a...

Continue Reading No, Sam Bankman-Fried and his parents didn't just shell out $250 million for bail. Here's how it works.