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

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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.

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.

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AI enters the Big Brother house, raising concerns around the truth of reality TV

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How will the integration of AI into reality TV impact audience engagement and what role will this have on the future of entertainment?

The latest season of Big Brother has left fans scratching their heads with the introduction of Big Brother AI, also knowns as BB AI, taking centre stage.

Tom Finnigan from Talkingbrands.ai joins to discuss all the curious AI cases of the week. #featured

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UN initiative aims to set international standards for AI ethics

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The United Nations has launched a comprehensive initiative aimed at establishing international guidelines for the governance of artificial intelligence.

The UN seeks to address ethical concerns, regulatory frameworks, and human rights implications associated with AI advancements.

Dr. Karen Sutherland from the UniSC joins to discuss the latest. #featured

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No console, no problem according to Amazon’s next-gen streaming innovation

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Xbox cloud gaming expands access with Amazon Fire TV Stick compatibility.

Xbox confirmed that the new instalment of Call of Duty—Black Ops 6—will be releasing day one on Xbox Game Pass later this year.

In recent news, 2023’s Call of Duty Modern Warfare 3 will also land on Game Pass on July 24th. This marks the first Activision title to be released on Game Pass since Microsoft’s recent acquisition.

Gaming and tech correspondent Emily Leaney joins to discuss all the latest.

 

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