A federal Justice of the Peace on Thursday ordered disgraced FTX founder Sam
Bankman-Fried launched on a $250 million private recognizance bond signed via
way of means of his dad and mom and secured via way of means of their Palo Alto
California, home. A prosecutor referred to as it the biggest pretrial bond ever.
Bankman-Fried, who did now no longer input a plea at some stage in
the quick listening to, regarded in a darkish match and tie together along
with his special mop of curly hair. Shackles had been now no longer seen
round his ankles however echoed thru the court docket as he entered.
Both of his dad and mom, former Stanford Law professors, regarded
withinside the gallery. The 30-year-vintage crypto govt is charged with
defrauding clients and buyers withinside the now-bankrupt crypto alternate FTX
He made his initial appearance in a New York federal court docket docket hours
after he arrived withinside the US from the Bahamas, in which he became arrested
very last week. The proof may be very strong. In addition to the bond, Magistrate
Judge Gabriel Gorenstein ordered Bankman-Fried's passport taken and his tour
restricted. He can be below strict pretrial supervision, required to stay together
along with his dad and mom at their house. He can visit the fitness center
however in any other case his actions are restrained and monitored via way of means