Former FTX CEO Sam Bankman-Fried has been released on bail after appearing in U.S. federal court in New York on Thursday. Bankman-Fried was told he can live with his parents on $250 million bail secured in part by their Palo Alto, California, house. His release also includes a long list of requirements for him to remain free while he faces charges. He's not allowed to make financial transactions of more than $1,000, can't open new lines of credit, can't leave the house except to exercise and must go through substance abuse and mental health treatment, according to the agreement.
More @
https://www.coindesk.com/markets/2022/12/23/first-mover-americas-sec-scrutnizes-crypto-audits-sbf-gets-bail/Yes, it's disgusting to see that money can buy you (temporary?) freedom - even in a very clear case of extreme fraud like in this situation.
However, as much as I despise SBF and his atrocious way of trying to weasel out of any responsibility (did you listen to Coffeezilla interviews of him? - hilarious!) let's not forget one important thing:
For this FTX + Alemeda mega-scam to become as big as it did and run as long as it did, we need A LOT of people to look the other way (or be actively involved), while things were already running in a *more than shady* way.
Sure, everyone wants a scapegoat, and probably SBF deserves a massive sentence - however I fear most of the other people that enabled this thing in the first place will not receive similar justice.