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.





