SBF granted highest ever pre-trial bail of $250M, released to parents’ home in Palo Alto

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.

At the culmination of the hearing, 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. The bond is the “highest ever pre-trial bond” according to Assistant US Attorney Nick Roos.