Sam Bankman Fried Gets Bail on Highest Bail Bond

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Sam Bankman-Fried, the founder of the embattled crypto derivatives exchange FTX, will be released on a bail of $250 million.

According to prosecutors, the $250 million bond is the largest-ever pretrial bond.

Last month, the former crypto billionaire claimed that he held only $100K left in his bank account. Thus, it is still unclear how SBF will arrange this amount for his bail.