Sam Bankman-Fried: Founder of FTX has been released on $250 million bail

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  • BBC News World

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Sam Bankman-Fried has been set on $250 million bail.

FTX cryptocurrency marketplace founder Sam Bankman-Fred has been released on bail and will remain under house arrest while he awaits trial in the United States for an alleged $1 million fraud he committed through his company, which has filed for bankruptcy. weeks ago.

A US judge has ruled that the 30-year-old former billionaire can remain under house arrest with his parents, who have offered their home in California as security. the Bail US$$250 million Created by the judge.

At the hearing, Bankman-Fried neither admitted nor denied his guilt.

Shortly before his arrest in the Bahamas on December 12, the businessman told the BBC: “I didn’t commit fraud on purpose. I don’t think I would commit fraud. I didn’t want any of this to happen. I certainly didn’t qualify as well as I thought.” “”.

Myrtle Frost

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