FTX founder Sam Bankman-Fried to be released on $250M bail
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Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#2Compared to $8 billion missing funds, the bail is a slap on the wrist. I wouldn't be surprised if he disappears.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#3Compared to $8 billion missing funds, the bail is a slap on the wrist. I wouldn't be surprised if he disappears.
What fraction of the bail is the home equity from his parents? Not likely more than $25mil there.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#4Impressive. He was just short 10B of customer funds and managed to come up with 250M so quickly! Must be a legendary trader.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#5Wait. Only a few days ago he declared he had less than 100k on his bank account and now he forks out 250m? It's hard to believe anything else he said.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#6This dude has friends in high places. No surprise however. He paid for them with other people's money.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#7His ex-girlfriend and CEO of Alameda really put the nail in the coffin. Turned on him for 250K$ bail, forfeiture of all assets and basically no prosecution (except some taxes) as long as she co-operates. Probably dropped the entire playbook of Sam and made the case irrefutable and ironclad.
https://s3.documentcloud.org/documents/23495436/crypto-coope...
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#8Impressive. He was just short 10B of customer funds and managed to come up with 250M so quickly! Must be a legendary trader.
Likely needed 25M for actually posting bail. He also did a lot of nice things and has a lot of friends, not to mention family. No big stretch of the imagination here.
Re: FTX founder Sam Bankman-Fried to be released on $250M bail
#9Wait. Only a few days ago he declared he had less than 100k on his bank account and now he forks out 250m? It's hard to believe anything else he said.
He didn't need to fork out 250M. That's not how bail works.