FTX founder Bankman-Fried allowed bail on $250M bond, house arrest
Shortpedia
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Sam Bankman-Fried, a cryptocurrency businessman accused of defrauding investors and stealing customer deposits from his FTX trading platform, left the Manhattan courthouse with his parents on Thursday after they agreed to sign a $250 million bond and keep him in their California home while he awaits trial. Bankman-Fried, 30, "perpetrated a fraud of epic proportions," according to assistant US attorney Nicolas Roos in federal court.
