The ongoing legal proceedings around former FTX CEO
On Dec. 22, SBF was released on a $250 million bail bond based on a written promise to appear for future court appearances and not engage in illegal activity.
However, the bail raised eyebrows considering that SBF previously claimed to possess less than $100,000 amid bankruptcy filing.
Funny how SBF is able to post the $250M bail not long after saying he only had $100k.
So he probably is using stolen customer deposits to stay out of jail.
— Benjamin Cowen (@intocryptoverse) December 22, 2022
The personal recognizance bail allowed Bankman-Fried to walk out of prison without making any actual payment. The bail was approved against a collateral property owned by his parents, a relative and a family friend.
