FTX founder Bankman-Fried posts $250M bond, will stay in Palo Alto

FTX founder Bankman-Fried posts $250M bond, will stay in Palo Alto

2 years ago
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https://www.mercurynews.com/2022/12/22/ftx-founder-bankman-fried-posts-250m-bond-will-stay-in-palo-alto/

By Larry Neumeister | Associated Press

NEW YORK — Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they 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.