FTX Founder To Live With Parents Following Bail

At a glance

  • FTX founder Sam Bankman-Fried will be released on $250 million bail, a federal judge ruled, while he awaits trial for eight federal criminal charges related to alleged fraud at his collapsed crypto empire.
  • Bankman-Fried was extradited from the Bahamas to Westchester County in New York on Wednesday night after days of chaotic court hearings.
  • Two of his top executives, Caroline Ellison and Gary Wang, pleaded guilty Wednesday to various criminal charges related to fraud at FTX, and are cooperating with the federal government.

Top News Stories

You May Like: