FTX founder Sam Bankman-Fried to be released on $250M bail

Re:FTX founder Sam Bankman-Fried to be released on $250M bail by dragonwriter on Thursday December 22, 2022 @07:09PM (#34100727)

> My guess is he was not required to post full collateral, i.e. the only collateral here is the home, and then Sam, his parents, and two others posted essentially an unsecured guarantee for the full $250M, such that the government could recover up that amount from any assets held by any of those parties

Approximately this, though only SBF and his parents are on the hook for the full amount, the other two for a lesser amount (TBD in the main bail doc.)

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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by andirk on Friday December 23, 2022 @12:16AM (#34102545)

Sam probably has access to a ton of FTT. He can open a trading desk in his parent's basement and recover at least a few hundred USD. He's very bad at gambling, but if he can find a new shitcoin to arbitrage, he can leverage his FTT to new heights and be back at the top! It will be from prison, however.

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Re:FTX founder Sam Bankman-Fried to be released on $250M bail by dragonwriter on Friday December 23, 2022 @11:11AM (#34107341)

He probably has access to the several hundred million dollars worth of crypto stolen from FTX wallets around the time of the collapse, but he also probably doesn’t want to show that he does.

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