Sam Bankman-Fried to be arraigned in New York on Jan. 3 Cryptocurrencies
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Bankman-Fried was granted bail following his first appearance before a U.S. judge on Dec. 22. He was released on a $250 million bail bond, and is confined to his parents’ home in Palo Alto, California, which is also backing the bail bond. The bail decision was made just 14 hours after SBF touched down on U.S. soil after being extradited from the Bahamas.
Former FTX and Alameda senior executives Gary Wang and Caroline Ellison have already pled guilty to fraud and are cooperating with authorities. U.S. Attorney Damian Williams posted a brief video announcement on Dec. 21 announcing the guilty pleas by Ellison, the former CEO of Alameda Research, and Wang, who co-founded FTX with Sam Bankman-Fried.
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