Sam Bankman-Fried, the former CEO of FTX now facing criminal charges that could land him in jail for the rest of his life, may be granted bail in the United States ahead of his trail, Reuters reported Dec. 21. Prosecutor Nicholas Roos has reportedly proposed granting Bankman-Fried, often referred to as SBF, bail on the conditions of a $250 million bond, home detention, location monitoring and the surrender of his passport. The New York Times reported that SBF’s bail was approved and he will live with his parents in Palo Alto, California. His parents secured his bail with the equity
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Author: NixCoin