Sam Bankman-Fried To Be Under GPS-Monitored Home Confinement After Release on Largest-Ever Pretrial Bond: Report – The Daily Hodl

Disgraced FTX founder Sam Bankman-Fried will reportedly be under monitored house arrest after posting what prosecutors are calling the largest pretrial bond of all time. According to a new report by CNBC, Bankman-Fried will be released on a staggering $250 million bail as he awaits trial for allegedly defrauding investors and mismanaging customer funds. The report finds that the former chief executive’s bond was secured by the equity in his family home, signatures of his parents, both of whom are law professors at Stanford University, along with two other unnamed individuals who have sizable assets. As part of the terms