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.
Sam-ta Claus is coming to town with the #FTXmas sweepstakes! 🎅
Want the chance to win a trip to @MLB All-Star Week? Courtside @MiamiHEAT tickets? Signed @TSM, @Warriors, or @MercedesAMGF1 gear? There's even more FTX partner prizes to win!
Enter here → https://t.co/t52VBvFGlz pic.twitter.com/Q1v34OFAFj
— FTX (@FTX_Official) December 22, 2021
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