Failed cryptocurrency exchange FTX founder Sam Bankman-Fried is out of jail after posting a $250 million bail.
RELATED: Former FTX executives plead guilty to fraud charges, SBF in custody
Sam Bankman-Fried, founder of the failed cryptocurrency exchange FTX, was released on a $250 million bond following his first appearance in federal court, where he is accused of misappropriating billions of dollars in customer funds in one of the largest fraud schemes in U.S. history.
The enormous personal recognizance bond, which federal prosecutors described as perhaps the largest ever, is to be co-signed by his parents and two other suretors, and will be secured by his parents’ Palo Alto, California, home.
As a further condition of release, Bankman-Fried must live in his parent’s home with electronic bracelet and other electronic monitoring. He was prohibited from opening new lines of credit, businesses and barred from transactions over $1,000, except to pay lawyers.
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#Crypto #Cryptocurrency #FTX
Crime punishment with fine,
Means legal for a fee.
He hasn’t been punished yet
Take that all you people who are in jail for shoplifting or robbing a convenience store
Why would they allow bail…… the guy stole billions…… flight risk……
Rich privilege hun
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He didn’t post a dime . He is out on nothing not even a dime , just his signature that’s it.
TODOS LOS QUE NO DENUNCIARON ESTE GENOCIDIO SON CULPABLES.
Yet he post 250 mil and no one bats an eye! Wtf!!
Making money is action. keeping money is behavior. Growing money is knowledge
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Access to good information is what we need to progress financially in life, here’s good one and I am grateful.
I’m very glad I stumbled on this today writing to him now. Really hope he can help me
< what is the best way to make money from Crypto currency trading?
You’ve just made my day guys, I’ve lost so much trying to invest on my own
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She’s on telegram.
OFREGINA 👈👈
That’s her username..
I have been following you guys conversation from the start. I’m also Investing with Mrs Regina . I love her Strategies it’s interesting and reliable. after watching so many YouTube tutorial videos about trading I was still making losses until Mrs Regina started Managing my investments now I make $ 26k Weekly.
This is bad and lazy reporting. He didn’t put up a penny. He got a sweetheart deal from a Democratic judge in New York.
Cryptocurrency I can not trust 🤗!! For all those investors in that company I feel so bad 😞 you have condolences😔
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It’s undeniably true, A lot of people are faced with the challenges of making a good choice when it comes to investing considering the different options out there. YouTube has been of much help but I don’t feel it’s enough because most people don’t easily understand what they watch. Many learn fast when they have someone assisting them please advise you to follow mr George.