$250 Million Bail Set Free FTX Founder Sam Bankman-Fried

• After a federal judge deemed FTX founder Sam Bankman-Fried fit to be released, the court granted him $250 million bail while he faces trial for eight criminal charges connected with fraudulent activity at his collapsed crypto venture.

On Thursday, a federal judge in New York granted FTX founder Sam Bankman-Fried’s release on an astonishing $250 million bond while he awaits trial for various fraud and criminal charges.

After officially facing his charges in the U.S. District Court of Manhattan, Bankman-Fried exited with a procession of family members, lawyers, and court security at 2:19 pm local time.

After much ...