Sam Bankman-Fried gets $250 million bail

Sam Bankman-Fried was released on a huge bail following his appearance in federal court in Manhattan to face fraud charges related to the collapse of FTX and Alameda Research.

The disgraced king of cryptocurrency was extradited from the Bahamas to the US late Dec. 21. He appeared in federal court in Manhattan on Thursday but did not file a statement. His next court appearance is set for January 3.

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