Cryptocurrency entrepreneur Sam Bankman-Fried has left Manhattan federal court after his parents signed a $250 million personal recognizance bond.
FTX founder Sam Bankman-Fried, left, is escorted to his car from the U.S. District Court in Manhattan, Thursday, Dec. 22, 2022, in New York. Bankman-Fried's parents agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
An important reason for allowing bail was that Bankman-Fried, who had been jailed in the Bahamas, agreed to be extradited to the U.S., Roos said. Magistrate Judge Gabriel W. Gorenstein agreed to the bond and house arrest, though he required that an electronic monitoring bracelet be affixed to Bankman-Fried before he left the courthouse. Roos had recommended it be attached Friday in California.
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