Friday, 24 March, 2023

FTX Founder Bankman-Fried Allowed Bail On $250M Bond, House Arrest

<p>Cryptocurrency entrepreneur Sam Bankman-Fried can post USD 250 million bond and live in his parents&#39; home in California till his trial. He faces charges that he swindled investors and looted customer deposits on his FTX trading platform. Two of his closest business associates have also been charged and had secretly pleaded guilty. He faces the possibility of decades in prison if convicted on all counts. The US attorney warns others who helped him in this to come forward.</p> <quillbot-extension-portal></quillbot-extension-portal>