FTX founder Sam Bankman-Fried to be released on $250 million bail, will live with his parents
FTX founder Sam Bankman-Fried will be released on $250 million bail, a federal judge ruled, while he awaits trial for eight federal criminal charges related to alleged fraud at his collapsed crypto empire.
Bankman-Fried was extradited from the Bahamas to Westchester County in New York on Wednesday night after days of chaotic court hearings.
Two of his top executives, Caroline Ellison and Gary Wang, pleaded guilty Wednesday to various criminal charges related to fraud at FTX, and are cooperating with the federal government.
$FarmaTrust(FTT.CC$ $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $Binance Coin(BNB.CC$ $Terra(LUNA.CC$
Bankman-Fried was extradited from the Bahamas to Westchester County in New York on Wednesday night after days of chaotic court hearings.
Two of his top executives, Caroline Ellison and Gary Wang, pleaded guilty Wednesday to various criminal charges related to fraud at FTX, and are cooperating with the federal government.
$FarmaTrust(FTT.CC$ $Bitcoin(BTC.CC$ $Ethereum(ETH.CC$ $Binance Coin(BNB.CC$ $Terra(LUNA.CC$
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股神-老道士 : Not that all coins are like this
无明小子 : how to trust cryto. our money is play in their hand. they have all the control of it.
Billylouu : It's ridiculous. 250mil for bail? if he did not stash all the money from fraud, where can he afford to pay for his bail?....无语
KingNY-Life : They should be imprisoned for life; they cannot be released on bail. I believe there are still many crooks in this industry. Without severe punishment, it will only get more and more chaotic