FTX founder Sam Bankman-Fried has been officially released from federal custody earlier today after his attorneys struck a deal with prosecutors on a bail amount of $250 million. A bond in the court of law, is a written commitment from the accused to appear in court when ordered.
The bond was made by equity in his family home, and through signatures of people with “considerable” assets. Bankman-Fried, who is posting one of “the largest-ever pretrial bonds ever,” will also be required to wear an electronic monitoring bracelet, submit to mental health counseling and restrict himself to the Northern District of California.