Hodler’s Digest, Dec. 18-24 By Cointelegraph

SBF despatched house after his dad and mom put up their home to cowl his astronomical bail bond

Sam Bankman-Fried will spend the vacations together with his household in Palo Alto, California, after his dad and mom secured $250 million in bail funds with the fairness of their house. Among the many circumstances of the bail are house detention, location monitoring and his passport give up. The previous FTX CEO signed give up paperwork on Dec. 20, permitting his extradition from the Bahamas to america, the place he faces eight prices that would maintain him behind bars for the remainder of his life. Bankman-Fried will now look forward to his sentence at house together with his household.

Caroline Ellison and Gary Wang plead responsible to fraud prices

Former Alameda Analysis CEO Caroline Ellison and FTX co-founder Gary Wang have pleaded responsible to federal fraud prices. Ellison, nevertheless, is engaged on a plea deal with the Workplace of america Legal professional for the Southern District of New York, which might evade all of the seven prices in opposition to her, leading to a $250,000 bail bond and prosecution just for prison tax violations. The settlement doesnt present safety in opposition to some other prices that Ellison would possibly face from some other authorities. Wang and Ellison are reportedly cooperating with U.S. authorities on investigations associated to FTX’s collapse.

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