- 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.
