Sam Bankman-Fried’s legal team is discussing a deal with federal prosecutors that could allow the disgraced cryptocurrency mogul to be released on bail when he is extradited to the United States, according to three people with knowledge of the matter.
The terms of the deal remain fluid, the people said, and any agreement would require approval from the federal judge overseeing Mr. Bankman-Fried’s case. But under the terms that have been discussed, the founder of the collapsed cryptocurrency exchange FTX could be granted bail with highly restrictive conditions, including home detention, two of the people said. One person said that electronic monitoring was also under discussion. It wasn’t clear what other measures might be required.
Source: Sam Bankman-Fried Said to Be in Talks With Prosecutors Over Bail Deal – The New York Times
