FTX founder Sam Bankman-Fried to be released on $250M bail
David Gerard has the best summary:<p><i>‘He was released on bail for a $250 million bond — “the largest ever pretrial bond,” apparently — secured only on his parents’ home in Palo Alto, where he will be living.</i><p><i>’SBF will surrender his passport and remain in home confinement with electronic monitoring — he’ll wear a bracelet. He will also be required to undergo regular mental health evaluation and treatment. No financial transactions over $1,000 except legal fees, no new lines of credit, and he can’t start a business. Also, no firearms.</i><p><i>’That is: Sam lost all his money in crypto, and has moved back into his parents’ basement.’</i><p><a href="https://davidgerard.co.uk/blockchain/2022/12/22/ftx-sam-bankman-fried-out-on-bail-ellison-and-wang-cop-pleas/" rel="nofollow">https://davidgerard.co.uk/blockchain/2022/12/22/ftx-sam-bank...</a>