Sam Bankman-Fried Released on $250 Million Bail

Brandon Davis
December 22, 2022
Crypto, News
0 Comments

Sam Bankman-Fried was freed on a $250 million bond after making his initial appearance in a US court to face fraud charges related to the collapse of FTX.

A $250 million personal recognisance bond backed by his parents’ California house is part of a bail package.

In an indictment announced Dec. 13, Manhattan federal prosecutors accused Bankman-Fried, 30, of organising a yearlong fraud involving FTX customer funds.

FTX’s failure has echoed throughout the cryptocurrency sector, prompting demands for more regulation and responsibility for crypto exchange leaders.

JUST IN: Sam Bankman-Fried to be placed under house arrest, ordered to surrender passport.
— Watcher.Guru (@WatcherGuru) December 22, 2022

https://twitter.com/coffeebreak_YT/status/1606023483028226049

Post Views: 66

Elon Musk incorporates Ethereum and Bitcoin Price Charts on Twitter

Do Kwon, the Founder of Terra, Cashes out Bitcoins in Serbia

Get the Crypto News Stories into your Inbox

By subscribing, you accepted our Policy

Blockscroll believe that by providing objective and unbiased news coverage, we can help educate our readers and promote transparency and trust in the crypto space.