Bankman-Fried’s $250M Bail Bond Isn’t What It Appears

Sam Bankman-Fried walked out of federal court on Thursday essentially a free man.

News outlets all around the globe reported that Bankman-Fried got out of jail by posting a gargantuan, unprecedented “$250 million bond.” In court, Assistant U.S. Attorney Nicholas Roos described it as the “largest ever” pretrial bond.

But, as it turns out, there is less than meets the eye in this “$250 million bond.” In fact, a lot less.

Source: Bankman-Fried’s $250M Bail Bond Isn’t What It Appears