FTX Founder Sam Bankman-Fried waived an extradition fight and U.S. Marshals flew him from the Bahamas to New York late Wednesday night. Appearing in a Manhattan court today, the judge set bail at $250 million and permits SBF to remain under house arrest at his parent’s California home until trial begins.
Additionally, it was revealed that Carolyn Ellison, 28, the former chief executive of Bankman-Fried’s trading firm, Alameda Research, and Gary Wang, 29, who co-founded FTX, pleaded guilty to charges including wire fraud, securities fraud and commodities fraud. Both are cooperating witnesses with the prosecution against the FTX founder.
New York – The cryptocurrency entrepreneur Sam Bankman-Fried can post $250 million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said Thursday.
Assistant U.S. Attorney Nicolas Roos said in U.S. District Court in Manhattan that Bankman-Fried, 30, “perpetrated a fraud of epic proportions.” Roos proposed strict bail terms, including a $250 million bond and house arrest at his parents’ home in Palo Alto, California.
An important reason for allowing bail was that Bankman-Fried agreed to waive extradition, Roos said.

However, even in the hands of the committee, strict privacy laws still applied to the tax filings unless the committee interceded and voted to make them public. That’s exactly what the Democrats in the committee did today with a party-line vote.
The issue stems from the part of the climate change bill that provides a $7,5000 federal tax credit for electric vehicles. As the bill was written the vehicles needed to be assembled in the USA with battery components mostly sourced from the U.S.A. Europe and Asian automakers are not happy because they want their vehicles, made in Europe and Asia to benefit from the tax credit.
Ukrainian President Volodymyr Zelenskyy will be in Washington DC on Wednesday to deliver a speech to a joint session of congress and visit with Joe Biden at the White House.


