Disgraced ‘crypto king’ Sam Bankman-Fried released on $250m bail – the largest in pre-trial history

Disgraced cryptocurrency tycoon Sam Bankman-Fried has been released on a $250m (£208m) bond package as he awaits fraud charges – the largest ever pretrial bond in history.

The bond was signed by his parents who agreed to keep him under house arrest at their home in Palo Alto, California while he awaits trial.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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