US Court to Release FTX's Bankman-Fried on $250M Bail: Report
Main page News, US, Cryptocurrency Exchanges, Money Laundering, FTX, Regulations

Sam Bankman-Fried, the founder of the collapsed FTX crypto exchange, will be released on $250 million bail, CNBC reports.

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Under the bail arrangement, Bankman-Fried will be located under "strict" supervision at his parents' home in Palo Alto, California. The bail is secured by Bankman-Fried parents' house.

Bahamian Judge Denies $250,000 Bail for FTX's Bankman-Fried

Bankman-Fried is facing charges related to wire and securities fraud, money laundering and others from the US Attorney's Office for the Southern District of New York, the CFTC and the SEC. The next hearing in New York City is scheduled on January 3, 2023.

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