He will be released on $250 million bail. It was decided
Judge Gabriel Gorenstein of the Southern District of New York announced the sentence after a plea agreement was reached between defense attorneys and federal prosecutors. According to the verdict, Bankman-Fried, who is awaiting trial on eight counts, including fraud and money laundering, will pay $250 million pending trial. dollars will be released on bail.
In addition, Bankman-Fried will be held under strict surveillance at her family home in California, which has been put up as equity to cover a portion of her bail.
In the process, his mental health will be regularly checked, and Bankman-Fried’s passport will be confiscated.
Bankman-Fried last week USAof crime He was detained in the Bahamas after opening the case.
USAFederal prosecutors have charged the detained Bankman-Fried with various charges, including “fraud,” “violating financial laws” and “money laundering.” USA The Securities and Exchange Commission (SEC) also accused Bankman-Fried of defrauding investors.
Bankman-Fried was extradited from the Bahamas to the United States yesterday.
FTX senior executives Caroline Ellison and Gary Wang pleaded guilty to various fraud offenses and attempted to cooperate with the federal government.
Cryptocurrency exchange FTX started experiencing liquidity problems after problems with its rival and the world’s largest cryptocurrency Binance. FTX filed for bankruptcy in the US in November and the company’s CEO, Sam Bankman-Fried, resigned. (AA)
Translation“24 HOURS”