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FTX co-founder Sam Bankman-Fried is escorted out of the Magistrate’s Court on December 21, 2022 in Nassau, Bahamas.
Joe Raedle | Getty Images
FTX founder Sam Bankman-Fried will released on $250 million bail in a deal designed by federal prosecutors and Bankman-Fried’s defense attorneys, a New York federal judge ruled.
Judge Gabriel Gorenstein said that Bankman-Fried would require “strict” supervision following his release to his parents home in California.
Bankman-Fried’s parents would put up the equity in their home to partially satisfy bail conditions. As part of the release, Bankman-Fried would be released into the custody of his parents home.
Bankman-Fried had previously claimed that he was down to a mere $100,000
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