Post
Topic
Board Bitcoin Discussion
Re: Sam Bankman-Fried has been released on bail
by
FatFork
on 23/12/2022, 22:12:28 UTC
He claimed in an interview that he had less than $100,000, so how can he afford to pay the $250,000,000 bond?

According to Reuters, Bankman-Fried's bail was secured by his parents Joseph Bankman and Barbara Fried, who offered up their home in Palo Alto, California.

Does the bail amount mean Bankman-Fried or his family has $250 million?

No. In Bankman-Fried's case, the $250 million bond is secured by his parents' home. Since Bankman-Fried's parents signed the bond agreement, they would be on the hook for $250 million if their son flees.