{"id":24451,"date":"2022-12-24T15:29:54","date_gmt":"2022-12-24T15:29:54","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=24451"},"modified":"2022-12-24T15:33:50","modified_gmt":"2022-12-24T15:33:50","slug":"ftx-updates-how-sam-bankman-fried-got-bail-and-more","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2022\/12\/24\/ftx-updates-how-sam-bankman-fried-got-bail-and-more\/","title":{"rendered":"FTX updates: How Sam Bankman-Fried got bail, and\u00a0more"},"content":{"rendered":"

Last post before Christmas! It’s Amy’s turn this time, so the post is over there. [Amy Castor<\/em><\/a>]<\/p>\n

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.<\/p>\n

The short answer is that federal court, unlike state courts, defaults to the presumption of release.<\/p>\n

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.<\/p>\n

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Sam-ta Claus is coming to town with the #FTXmas<\/a> sweepstakes! \ud83c\udf85<\/p>\n

Want the chance to win a trip to @MLB<\/a> All-Star Week? Courtside @MiamiHEAT<\/a> tickets? Signed @TSM<\/a>, @Warriors<\/a>, or @MercedesAMGF1<\/a> gear? There's even more FTX partner prizes to win!<\/p>\n

Enter here \u2192 https:\/\/t.co\/t52VBvFGlz<\/a> pic.twitter.com\/Q1v34OFAFj<\/a><\/p>\n

— FTX (@FTX_Official) December 22, 2021<\/a><\/p><\/blockquote>\n