FTX founder Sam Bankman-Fried to be launched on $250 million bail

A federal decide has authorised bail for FTX co-founder Sam Bankman-Fried that features a $250 million private recognizance assured by his dad and mom’ home to California.

U.S. Justice of the Peace Decide Gabriel Gorenstein on Thursday stated Bankman-Fried’s flight threat was low and stated he posed no hazard to the general public when it comes to future monetary crimes. The phrases of the bond would require him to stick with his dad and mom in California.

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