Bankman-Fried is accused of swindling investors and looting customer deposits on his FTX trading platform.
NEW YORK — Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
Reunited with his parents and lawyers inside the courthouse, an apparently silent Bankman-Fried shook the hands of a supporter before heading out the door, where photographers and video crews rushed him until he left in a car. His bail conditions also require that he not open any new lines of credit, start a business or enter financial transactions larger than $1,000 without the approval of the government or the court.
While he was in the air, the U.S. attorney in Manhattan announced that two of Bankman-Fried’s closest business associates had also been charged and on Monday had secretly pleaded guilty. “If you participated in misconduct at FTX or Alameda, now is the time to get ahead of it,” he said. “We are moving quickly, and our patience is not eternal.”
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FTX founder Sam Bankman-Fried allowed $250M bond, house arrest after appearing in NYC courtA judge says cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond & live in his parent's home in California while he awaits trial.
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FTX founder Sam Bankman-Fried allowed $250M bond, house arrest after appearing in NYC courtA judge says cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond & live in his parent's home in California while he awaits trial.
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FTX founder Sam Bankman-Fried allowed $250M bond, house arrest after appearing in NYC courtA judge says cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond & live in his parent's home in California while he awaits trial.
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