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.
