Sam Bankman-Fried's $250 million bail bond is a 'joke' and prosecutors have been too 'lenient' with the FTX founder, securities lawyer says

Fri, 02/17/2023 - 12:18

sam bankman fried sbf court drawing illustration — A Sam Bankman-Fried, founder and former CEO of crypto currency exchange FTX, sits after his extradition from The Bahamas with his attorneys Mark Cohen and Christian Everdell at his arraignment hearing in Manhattan federal court in New York City, U.S., December 22, 2022 in this courtroom sketch.
Jane Rosenberg/Reuters

Parts of Sam Bankman-Fried's bail conditions are "ludicrous," a securities lawyer said.
For Bankman-Fried's $250 million bond, there was no cash exchanged for his release, but a promise not to flee the country.
Bankman-Fried is "pushing the envelope" with prosecutors, attorney James Murphy told CoinDesk.

FTX founder Sam Bankman-Fried's bail conditions and the $250 million bond for his release are "ludicrous," according to a long-time securities lawyer.