FTX founder Bankman-Fried released on $250 million bond
CBSN
Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform.
The $250 million bond is believed to be the largest federal pretrial bond ever, said assistant U.S. attorney Nicolas Roos.
Roos said in U.S. District Court that Bankman-Fried, 30, "perpetrated a fraud of epic proportions."
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