SBF is in the US, where he has been released on bail. Meanwhile, two top executives are cooperating with the investigation and have pled guilty to their charges.
Maybe there's something I don't understand about the American bail system, but I thought if I have $1000 bail, then I have to get $1000 and give it to the court. How can his parents' house be sufficient, surely it can't be worth $250m? Isn't this effectively bail for whatever their house is valued at?
Issue 14 – FTX friends flip on fellow fraudster
Wow, I *knew* Caroline Ellison was young, but that picture makes her look about 16.
Great writeup and an amazing read as well.
Maybe there's something I don't understand about the American bail system, but I thought if I have $1000 bail, then I have to get $1000 and give it to the court. How can his parents' house be sufficient, surely it can't be worth $250m? Isn't this effectively bail for whatever their house is valued at?