Array
Sam Bankman-Fried, the co-founder and former CEO of collapsed crypto exchange FTX, walked out of a Manhattan courthouse Thursday after being released on a $250 million bound, according to the Associated Press.
The assistant U.S. attorney Nicolas Roos reportedly said this is believed to be the largest federal pretrial bond ever. Bankman-Fried will be under house arrest at his parents’ home in Palo Alto, California until his next hearing in New York City on Jan. 3.
Magistrate Judge Gabriel W. Gorenstein agreed to the bond, approved house arrest and required an ankle-monitor be attached to Bankman-Fried before he left the courthouse.
According to the AP, the bond was secured by equity on Bankman-Fried’s parent’s home, as well as the signature of them and two other people with considerable assets.
