The dramatic story of Sam Bankman-Fried is far from over as he landed on U.S. soil today and stood before a magistrate in the Southern District of New York where he was indicted on 8 counts of financial crimes.

SBF was granted a  “$250 million bond, signed by the defendant and his parents, and a non-family member, secured by the parent’s home, where he will live, in Palo Alto,” according to reporting from Matthew Russell of SDNY Live.

Following his extradition from the Bahamas on Dec. 22, SBF arrived on a non-commercial aircraft accompanied by FBI agents. At around 1 pm ET he stood before Magistrate Judge Gabriel W. Gorenstein in New York.

Russell reported live from the courtroom. He revealed that the hearing finished with the following,

Judge Gorenstein: Mr. Bankman-Fried, if you violate the conditions, a warrant will be issued for your arrest. Do you understand?
Bankman-Fried: Yes I do.
Judge Gorenstein: We are adjourned.
Story and vlog coming, then on

This is a developing story and the article will be updated as further information comes to light.

The post SBF granted highest ever pre-trail bail of $250M, released to parents’ home in Palo Alto appeared first on CryptoSlate.

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