LAST MINUTE: Sam Bankman-Fried to be Released on $250 Million Bail

FTX founder Sam Bankman-Fried (SBF), extradited to the US, remains free on $250 million bail.

According to the news of the Wall Street Journal, the SBF, the US Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in response to crimes of defrauding investors and creditors by With a $250 million bail is being released.

SBF, which was brought to the USA on Wednesday, 8 different crimes He was brought before the US Federal Court for the Southern District of New York. A Twitter user 250 million dollar worth of FTX token (FTT) U.S. Federal Court for the Southern District of New York He claimed it was transferred to his account.

For SBF’s release under bail terms, his family’s bail in California He has to live at home.

US Magistrate Gabriel Gorenstein, in his statement on December 22, stated that the SBF’s probability of escaping was low, and that it was not financially dangerous in the future.

of SBF 250,000 dollar offer to be released on bail by a judge of the Bahamas Magistrates’ Court “Risk of Escape” was rejected for the reason.

SEC Chairman Gary Gensler said on Wednesday that Alameda Research CEO Caroline Ellison and the SBF had manipulated to support the FTT.

source site-10