News

FTX founder Sam Bankman-Fried posts $250M bond and goes on house arrest

Published

3 years ago

December 23, 2022

The disgraced crypto king makes his next court appearance Jan. 3

Sam Bankman-Fried, the cryptocurrency entrepreneur who is accused of swindling investors and celebrities as well as stealing customer deposits on his FTX trading platform has his first court appearance in America.

The 30-year-old walked out of a Manhattan courthouse on Thursday with his parents after they agreed to sign a $250 million bond.

Additionally, his parents agreed to allow him to stay at their California home as he awaits his trial.

The judge granted the bond—which prosecutors say in the largest pretrial bond ever— and house arrest, adding that Bankman-Fried must also be fitted with a mandatory electronic monitoring bracelet before leaving the courthouse.

Last week, Bankman-Fried was arrested in the Bahamas and then flown into New York late Wednesday night after de choose not to challenge his extradition.

A short time before his court appearance, federal officials announced that two of Bankman-Fried’s former associates had plead guilty to fraud charges.

Bankman-Fried’s next court appearance has been scheduled for Jan. 3, 2023.

Related Topics:Business Featured trending world

Up Next

These are the biggest news stories this year

Don't Miss

NORAD ready to track Santa’s flight for the 67th year

Veronica Dudo

Veronica Dudo is the U.S. Correspondent for Ticker News covering America’s biggest headlines. As an Emmy® Award nominated global journalist, Veronica has traveled across the country and around the world reporting on historical events that connect all citizens. Lauded as an award-winning international journalist, Veronica has executed stellar news coverage for NBC News, CBS News, The Hill, ME-TV Network and AOL. Her stories have highlighted a plethora of topics ranging from breaking news and politics to economic affairs across the USA, European Union, and Asia; cultural affairs; globalization; governance; education; and sustainability.

News

Google leads Australia media tax rankings

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Published

14 hours ago

October 9, 2025

ticker NEWS

Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.

Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.

#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness

News

Trump eyes Middle East visit as Gaza ceasefire talks advance

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

Published

17 hours ago

October 9, 2025

ticker NEWS

Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.

President Trump may visit the Middle East this weekend as Jared Kushner and envoy Steve Witkoff push for a Gaza ceasefire.

Recent Egypt talks and cooperation from Israel and Hamas raise hopes for a deal, with Turkey confirming progress.

#GazaCeasefire #TrumpMiddleEast #Kushner #PeaceTalks #IsraelHamas

News

US government takes 10% equity in Trilogy Metals

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

Published

17 hours ago

October 9, 2025

ticker NEWS

U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.

The U.S. government’s 10% stake in Trilogy Metals marks a shift from subsidies to direct ownership in strategic industries.

Experts say this approach aims to secure supply chains for AI, clean energy, and defense, reducing reliance on foreign sources for critical minerals and tech components.

#TrilogyMetals #USIndustry #CriticalMinerals #SupplyChainSecurity #AI #CleanEnergy #DefenseTech #IndustrialPolicy