A judge says cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform
While he was in the air, the U.S. attorney in Manhattan announced that two of Bankman-Fried's closest business associates had also been charged and hadCarolyn Ellison, 28, the former chief executive of Bankman-Fried's trading firm, Alameda Research, and Gary Wang, 29, who co-founded FTX, pleaded guilty to charges including wire fraud, securities fraud and commodities fraud.
“If you participated in misconduct at FTX or Alameda, now is the time to get ahead of it,” he said. “We are moving quickly, and our patience is not eternal.”
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FTX co-founder Sam Bankman-Fried will be released on $250 million bail, judge rulesThe 30-year-old appeared in court Thursday following his extradition from the Bahamas to face charges related to the collapse of crypto currency exchange FTX.
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Sam Bankman-Fried released on $250 million bail ahead of FTX trialSam-Bankman Fried to be released on $250 million bail and will be required to stay with parents ahead of FTX trial
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FTX founder Bankman-Fried allowed $250M bond, house arrestNEW YORK (AP) — The cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said Thursday.
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Associates of FTX founder Sam Bankman-Fried plead guilty to criminal chargesTwo of Sam Bankman-Fried’s top associates secretly pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX and are cooperating with investigators, a federal prosecutor announced Wednesday as the digital coin entrepreneur was being flown in FBI custody to the U.S. from the Bahamas.
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