Sam Bankman-Fried Released on $250M Bail Secured by Parents

Bankman-Fried’s release was secured by equity in his parents’ Palo Alto, California, home, and a long list of requirements was included for him to remain free while he faces charges. He’s not allowed to make financial transactions for more than $1,000, can’t open new lines of credit, can’t leave the house except to exercise and must go through substance-abuse and mental-health treatment, according to the agreement.

Source: https://www.coindesk.com/policy/2022/12/22/ex-ftx-chief-sam-bankman-fried-makes-appearance-in-us-court/?utm_medium=referral&utm_source=rss&utm_campaign=headlines