A New York judge has ruled Thursday that FTX founder Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California as he awaits trial on fraud charges.
Authorities arrested the disgraced crypto exchange founder in the Bahamas earlier in the month. He has since been hit with multiple charges from the Southern District of New York and the Securities and Exchange Commission.
The charges Bankman-Fried faces in the U.S. include conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance violations, the Justice Department says.
This is a developing story. Please check back for updates.
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