Sam Bankman-Fried was released on a $250 million bond package on Thursday.

The New York Times and CNBC report the co-founder of the failed and allegedly fraudulent cryptocurrency exchange FTX was released on $250 million bail, secured by his parent’s home, ahead of his trial on eight criminal charges he faces, in addition to civil suits filed by the SEC and CFTC.

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Prosecutors say billions in customer and investor funds are missing, accusing a small circle of insiders at FTX and Bankman-Fried’s crypto hedge fund, Alameda Research, of misusing the money for themselves from the very start of their operation.

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