Sam Bankman-Fried Released on $250M Bail Secured by Parents

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A federal judge agreed to release former FTX CEO Sam Bankman-Fried after he appeared in U.S. federal court Thursday on charges that he was the mastermind behind the fraud and illicit movement of customer funds inside his former crypto empire, setting his bail at $250 million.Bankman-Fried, who was brought to the U.S. overnight by the Federal Bureau of Investigation after his extradition from the Bahamas cleared on Wednesday, arrived at the courthouse in New York to face the U.S. felony charges for the first time. The case in the U.S. District Court for the Southern District of New York centers
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