cloud_coder OP t1_j19vn8o wrote on December 22, 2022 at 7:04 PM

SBF just made bail $250M !!!

SOURCE: https://www.cnbc.com/2022/12/22/ftx-founder-sam-bankman-fried-to-be-released-on-250-million-bail.html

Check out the smirk on his face !!! More Charlie Manson than stupid crypto-bro.
Also for those that don;t know how bail works. He either had to pledge $250M in cash or property OR he had to put 10% bond down ($25 million) which WILL NOT be returned.
Someone with deeeeep pockets wants him out. Someone wants him happy and quiet.
Waiting for the next shoe to drop.

[deleted] t1_j19ws8p wrote on December 22, 2022 at 7:12 PM

[removed]

flexcabana21 t1_j1aakfk wrote on December 22, 2022 at 8:43 PM

His parents used their house valued at $25 million. remember it's 10%.

knd775 t1_j1dd8am wrote on December 23, 2022 at 1:53 PM

No it’s not. You either pay the entire amount directly and get it back afterwards, or you pay 10% to a bail bondsman and never see it again.