FTX founder Bankman-Fried released on $250 million bond

– Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, was released on a $250 million bond after being charged with fraud, conspiracy, money laundering, and other financial crimes

[{"selector":"#anim-46d65caf-5ed4-423c-b89d-a82d4ac867ad [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8757bbfa-c8ef-470a-a14d-7d3db5d93ff4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The bond is believed to be the largest federal pretrial bond ever

[{"selector":"#anim-10963827-0a66-4861-8261-4b2dccd68c46","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-015c31d0-308a-4c0f-9edd-d7078db7b559 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] – Bankman-Fried's bail conditions include surrendering his passport, not being allowed to own firearms or start new businesses, and requiring government approval for transactions over $1,000

[{"selector":"#anim-0e69c37b-4997-430d-bdef-dee49fbc8e4c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71996724-8f46-4fde-a762-129145c8054e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] – He will be allowed to leave his parents' California home only for exercise or legal proceedings, and must undergo mental health and substance abuse treatment

[{"selector":"#anim-854952ea-55a1-4852-aff8-094e62acf32a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3971bd21-dc8e-4a77-a374-a93ed28db1be [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Two of Bankman-Fried's business associates, Caroline Ellison and Gary Wang, have pleaded guilty to charges including wire fraud, securities fraud, and commodities fraud and are cooperating with investigators

[{"selector":"#anim-5428affe-aee5-4e80-bf4e-c8548893b254","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0638f5a-7680-458f-aefb-14c6d727a1a6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Prosecutors allege that Bankman-Fried used illicitly taken money from FTX customers for personal gain, including enabling trades at his trading firm Alameda and making campaign contributions to US politicians

[{"selector":"#anim-73219892-0b12-4468-a1d1-b872d686d7f1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c30837e-50b4-48d9-a3cd-9f65e8c23187 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] If convicted, Bankman-Fried faces the possibility of decades in prison

[{"selector":"#anim-9ecc36b0-7222-4a20-b7f5-d7e182dcbd07","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0e39d1c-a8be-4d54-81bd-f01e91ea2468 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] – FTX, which was founded in 2019 and became one of the world's largest digital currency exchanges, hired comedian Larry David for a Super Bowl ad promoting cryptocurrency