Sam Bankman-Fried shall be launched on a $250 million bond package deal whereas he awaits trial on fraud expenses associated to the collapse of the FTX crypto trade, a federal Justice of the Peace choose mentioned on Thursday.
Prosecutors have accused him of stealing billions of {dollars} in FTX buyer funds to plug losses at his hedge fund, Alameda Research.
Nicolas Roos, a prosecutor, informed U.S. Magistrate Judge Gabriel Gorenstein that the bail package deal included dwelling detention and placement monitoring. Bankman-Fried will even should give up his passport.
Bankman-Fried’s protection counsel mentioned he agreed with these circumstances.
Wearing a grey go well with and leg restraints, Bankman-Fried sat flanked by his legal professionals and nodded when the choose knowledgeable him that if he fails to look in court docket, a warrant could be issued for his arrest.
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