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ftx-co-founder-sam-bankman-fried-is-back-in-the-us,-released-on-$250-million-bail

FTX co-founder Sam Bankman-Fried is back in the US, released on $250 million bail

BizTech WeeklyBy BizTech Weekly Dec 22, 2022

Sam Bankman-Fried was released on $250 million bail, secured by his parent’s home, ahead of his trial on eight criminal charges he faces, in addition to civil suits filed by the SEC and CFTC. Prosecutors say billions in customer and investor funds are missing, accusing a small circle of insiders at FTX and his crypto hedge fund, Alameda Research, of misusing the money. . . .

Read more at www.theverge.com
BizTech Weekly
BizTech Weekly

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