The 30-year-old Sam Bankman-Fried, CEO of the bankrupt crypto exchange FTX, has been in prison in the Bahamas since December 12. A few days ago he decided to be extradited to the US.
Now it is clear: the alleged crypto fraudster does not have to go to prison. A New York district court has ruled that Bankmann-Fried remains free. But he has to hand in his passport and is placed under house arrest. He also has to dig deep into his pockets: his bail is a whopping $ 250 million!
Ex-girlfriend already unpacked
The founder of FTX is now stuck with his parents in Palo Alto, California, until his trial begins. The 30-year-old is accused by the American stock market regulator of luring investors with false promises. He would also have embezzled billions of dollars. He risks many years in prison.
Crypto exchange FTX collapsed on November 11 after massive withdrawals. This would have caused more than $ 1.8 billion in damage. Customers don’t get billions of dollars back.
His ex-girlfriend Caroline Ellison (29) was CEO of Alameda Research, a sister company of FTX. She’s already unpacked. Ellison and Bankman-Fried allegedly had wild sex parties together in a shared flat in the Bahamas. (zis)