1: ex-ftx ceo sam bankman-fried was approved for a historic $250 million bond at his first u.s. court appearance. bankman-fried faced criminal charges in the united states related to the collapse of his digital asset exchange, ftx. co-conspirators caroline ellison and gary wang were not mentioned during the bond hearing. the government proposed a bail package that included a $250 million bond, home detention, and location monitoring.
2: the bond hearing took place at a federal court in the united states. bankman-fried will be allowed to await trial at his parents house in palo alto, california. the bond is secured by the palo alto property.
3: the bail package was described as “the highest ever pre-trial bond”. a federal judge approved the bail package and bankman-fried’s defense counsel said he agreed with the conditions. bankman-fried will not be able to spend more than $1,000 except on defense related cost without court approval and his passport would remain in the possession of law enforcement. bankman-fried voluntarily consented to come face the charges and will get to spend christmas with his family. the extradition process can take months or years in the bahamas.