Judge releases Sam Bankman-Fried on $250 million bail
The Southern District of New York has set bail of $250 million for former FTX CEO Sam Bankman-Freed. He was released into the care of his parents.
At a December 22 meeting, federal prosecutors called the amount set "the highest" in the history of pre-trial hearings, writes Decrypt.
The terms of the bail also include a ban on financial transactions in excess of $1,000, house arrest and wearing an electronic bracelet. Violation of the agreement threatens to pay $ 250 million.
