Ex-crypto mogul Sam Bankman-Fried out on $250m bail after extradition from Bahamas
FTX founder must remain under strict supervision at parents’ California home, judge says
The fallen crypto billionaire Sam Bankman-Fried was freed on $250m bail on Thursday, a day after agreeing to be extradited from the Bahamas.
The 30-year-old faces eight charges connected to his role in the collapse of the crypto exchange FTX, which carry a maximum sentence of 110 years. Judge Gabriel Gorenstein said Bankman-Fried would have to remain under strict supervision at his parents’ home in Palo Alto, California.
