Sam Bankman-Fried (SBF), the former CEO of the disgraced FTX exchange, has been released on bail for $250 million paid by his parents. SBF agreed to meet a long list of conditions to remain free while facing charges, including mandatory drug abuse and mental health treatment.
On Dec. 22, reports emerged that SBF could post a $250 million bond to be released on bail while he awaited trial. A few hours later, the disgraced former SBF CEO and his family met the conditions.
Source: https://crypto.news/sam-bankman-fried-released-on-250m-bail-paid-by-parents/