After appearing in federal court in New York on Thursday on charges that he was the mastermind behind the fraud and illicit movement of customer funds within his former crypto empire, a federal judge agreed to release former FTX CEO Sam Bankman-Fried. The bail was set at $250 million by the judge. Bankman-Fried, who was brought to the United States overnight by the Federal Bureau of Investigation after his extradition from the Bahamas was approved on Wednesday, appeared in court in New York for the first time to face felony charges in the United States. Bankman-Fried’s release was secured by equity in his parents’ Palo Alto, California, home, and a lengthy list of conditions were imposed in order for him to remain free while facing charges.
