Fried’s Freedom Fried, Workers Found Installing Cameras in his House

Zero Tolerance

Following Sam Bankman-Fried’s (SBF) arrest on December 12th, evening 6:00 p.m. in the Bahamas, legal troubles are continuously increasing for the co-founder and former CEO of bankrupt crypto exchange FTX. Few workers were found fitting cameras outside his parents’ $4 million home in California.

SBF was extradited to the United States after spending a few days in Fox Hill Prison, the Bahamas’ only prison. He is under house arrest until the legal matters are settled. He will live with his parents in Palo Alto, followed by his bail that was granted for a $250 million bond. The former crypto billionaire will be in home detention, strict surveillance, along with location tracking and restriction on international travel.

Sam’s parents, Joseph Bankman and Barbara Fried, saved their son while giving equity in their house. Previously, his bail was rejected by Joyann Ferguson-Pratt, Bahamas Magistrate Judge, keeping him in remand until the next extradition hearing on February 8, 2023, at 10:00 a.m.

The broke FTX co-founder’s lawyers requested the judge to release him, on arguments surrounded by his regular medication to recover allergy. Further, his condition turned like such, that he takes Emsam patches for depression, along with 10 mg Adderall each hour. Fried freedom is now reserved with an electronic monitoring bracelet. Also, he is said to take mental health counseling.

Bitter Pill

As reported by The Wall Street Journal, Romana Farquharson, a local attorney, described the Fox Hill prison as overcrowded with unsanitary conditions. Prisoners are forced to live between rats, insects and maggots; human waste is often removed in buckets and inmates end up with bed sores as a result of lying on bare floors, as stated in the human-rights report 2021 of the U.S. State Department.

According to CNBC, prosecutors called SBF’s bail bond “the largest-ever pretrial bond.” lawyers team, with court security at 2:19 p.m. Furthermore, he is mandated to appear for his next hearing on January 3, 2023 in New York, against criminal and fraud charges filed against him.

As per media reports, the broke crypto-King realized that he was left with only $100,000 in his bank account. His total networth fell from $16 billion to $991 million in a single day, just before FTX declared a “bank run” situation. 1 million investors suffered massive losses in the wake of FTX’s collapse.