NEW YORK — Cryptocurrency businessowner Sam Bankman-Fried strolled out of a Manhattan courthouse Thursday with his momsanddads after they concurred to indication a $250 million bond and keep him at their California house while he waitsfor trial on charges that he tricked financiers and robbed consumer deposits on his FTX trading platform.
Assistant U.S. Attorney Nicolas Roos stated in federal court that Bankman-Fried, 30, “perpetrated a scams of legendary percentages.” Roos proposed rigorous bail terms consistingof the $250 million bond — which he stated is thought to be the biggest federal pretrial bond ever — and home arrest at his momsanddads’ house in Palo Alto.
An crucial factor for enabling bail was that Bankman-Fried, who hadactually been imprisoned in the Bahamas, concurred to be extradited to the U.S., Roos stated.
Reunited with his momsanddads and legalrepresentatives inside the courthouse, an obviously quiet Bankman-Fried shook the hands of a advocate priorto heading out the door, where professionalphotographers and video teams hurried him upuntil he left in a vehicle.
Magistrate Judge Gabriel W. Gorenstein concurred to the bond and home arrest, though he needed that an electronic tracking bracelet be attached to Bankman-Fried priorto he left the courthouse. Roos had suggested it be connected Friday in California.
Bankman-Fried was shackled at the ankles when he wentinto the courtroom in a match and tie to take a seat inbetween his lawyers. He did not speak throughout the hearing otherthan to response the judge. Near its end, he was asked by Gorenstein whether he comprehended he would face arrest and owe $250 million if he selected to runaway.
“Yes, I do,” Bankm