FTX updates: How Sam Bankman-Fried got bail, and more

Last post before Christmas! It’s Amy’s turn this time, so the post is over there. [Amy Castor]

A lot of people don’t understand how Sam Bankman-Fried of FTX got out on $250 million bail, with only his parents’ house as surety. There’s a lot of conspiracy theories too, which shouldn’t be surprising coming from crypto people.

The short answer is that federal court, unlike state courts, defaults to the presumption of release.

The terrible picture is from a 2021 FTX Christmas tweet, in which Santa Sam takes treats out of the stockings and sends them to Alameda.


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