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A comment on FTX founder Sam Bankman-Fried to be released on $250M bail. Parent comment

Re:FTX founder Sam Bankman-Fried to be released on $250M bail by edf13 on Thursday December 22, 2022 @05:07PM (#34099487)
$250m secures on their home?? How much is that valued at?
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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by SilasX on Thursday December 22, 2022 @05:15PM (#34099582)
Well, he is the master at getting collateral overvalued…
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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by chihuahua on Thursday December 22, 2022 @08:37PM (#34101343)
I heard he was playing DOTA while negotiating the whole bail deal.
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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by blitzar on Friday December 23, 2022 @04:28AM (#34103882)
“I LOVE THIS FOUNDER,” typed the lawyer. “I am a 10 out of 10,” pinged another. “YES!!!” exclaimed the judge.
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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by eddsh1994 on Thursday December 22, 2022 @06:00PM (#34100094)
The house is valued at $4m - it's on Stanfords campus.
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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by MuffinFlavored on Thursday December 22, 2022 @10:34PM (#34102084)
why was pledging some/all of the equity of their $4m home enough?

or is it that two secret rich people put up much more and the parent’s house thing is basically a distraction?

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