Re:FTX founder Sam Bankman-Fried to be released on $250M bail
by csense on Thursday December 22, 2022 @08:16PM
(#34101201)
> his parents are additional surety for the $250M
This is an odd phrase.
So what happens if SBF disappears? Do the parents lose their $2M house? Lose their $2M house and become $248M in debt? Go to jail?
What keeps the whole family from simply going on a sudden vacation to Dubai and letting the court take their house? Losing one's childhood home is sad, but stolen Bitcoins can still buy a very nice replacement.
Re:FTX founder Sam Bankman-Fried to be released on $250M bail
by landemva on Thursday December 22, 2022 @09:25PM
(#34101672)
His parents are reported to have a $16M Bahamas property in their names, so they can just go to the other houses they bought with funds from their college professor salaries.
This is an odd phrase.
So what happens if SBF disappears? Do the parents lose their $2M house? Lose their $2M house and become $248M in debt? Go to jail?
What keeps the whole family from simply going on a sudden vacation to Dubai and letting the court take their house? Losing one's childhood home is sad, but stolen Bitcoins can still buy a very nice replacement.