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FTX Founder Sam Bankman-Fried Released on $250 Million Bond


Sam Bankman-Fried, the disgraced former cryptocurrency executive, was granted release from federal custody in a Manhattan court on Thursday under highly restrictive bail conditions, including a $250 million bond secured by his parents’ interest in their California home and a requirement that he remain in home detention with them.It was the latest twist in a swiftly unfolding saga that has turned one of the crypto world’s most recognizable paper billionaires into its most prominent villain within weeks, drawing comparisons to Bernie Madoff, the notorious fraudster whose money management operation turned out to be the largest Ponzi scheme in history.Mr. Bankman-Fried, 30, appeared in federal co …

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