SBF has been extradited to the United States and was almost immediately released from U.S. custody to house arrest on $250 million bond.
Almost about 24 hours ago, Alameda ex-CEO Caroline Ellison and FTX executive Gary Wang plead guilty to federal charges and are coopering in the criminal case against SBF.
The bond was to be secured by the equity in his parents' home and the signature of them and two other financially responsible people with considerable assets.
The bail was described as a "personal recognizance bond," meaning the collateral did not need to meet the bail amount.
Prosecutors and regulators contend that Bankman-Fried was at the center of several illegal schemes to use customer and investor money for personal gain.
He faces the possibility of decades in prison if convicted on all counts.
In a series of interviews before his arrest, Bankman-Fried said he never intended to defraud anyone.
Bankman-Fried is charged with using money, illicitly taken from FTX customers, to enable trades at Alameda, spend lavishly on real estate and make millions of dollars in campaign contributions to U.S. politicians.
Now the new game has startged that U.S. government take major role threatning most of crypto exchnages. More U.S. politicians and officials would involve crypto stream trying to control the direction. It is required to predict the intersections among major stakeholders and market perceptance level.
I hope other exchanges learn and do not play with our funds.