FTX founder Sam Bankman-Fried released from jail on bail
1 year ago
37
The founder and former CEO of failed cryptocurrency exchange FTX Sam Bankman-Fried will be released from jail on bail.
Bankman-Fried has been ordered to pay a bond over $375 million and won’t be allowed to leave his parents' house until the conclusion of his fraud trial.
He allegedly stole billions of dollars in FTX customer funds to cover the losses of his hedge fund.
Prosecutors have labelled it the largest ever pre-trial bail bond.
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