Breaking: FTX’s Sam Bankman-Fried to get bail on $250 million bond

Breaking: FTX's Sam Bankman-Fried to get bail on $250 million bond

FTX founder – Sam Bankman-Fried – is set to get bail on a $250 million bond. The former crypto mogul will also be placed in home detention and constantly monitored. The news comes a day after SBF was extradited to the United States.

Notably, Bankman-Fried will be gaining his short-term restrictive freedom as part of a deal with federal prosecutors. This was reportedly the deal offered in exchange for returning without contesting the extradition decision in the Bahamas earlier this week.

The story is still developing.

https://ambcrypto.com/breaking-ftxs-sam-bankman-fried-to-get-bail-on-250-million-bond/

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