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Evening Standard
Evening Standard
World
Lydia Chantler-Hicks

Sam Bankman-Fried released to parents’ home on $250 million bail while awaiting crypto fraud trial

Sam Bankman-Fried FTX United States Mark Cohen Alameda Cryptocurrency Manhattan

FTX founder Sam Bankman-Fried leaves court on Thursday

(Picture: AP)

Sam Bankman-Fried was released on $250 million bail on Thursday while he awaits trial on fraud charges following the collapse of cryptocurrency exchange FTX.

Federal prosecutors in Manhattan have accused the 30-year-old entrepeneur of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research.

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