FTX founder Sam Bankman-Fried was released on personal recognizance with a bail bond set at $250 million.

Consequently, SBF made no payment to secure his release, only a promise that these individuals would be forced to give up the assets mentioned above should the crypto founder break the terms of the bond.

“Bankman-Fried walked out of court essentially a free man by signing a piece of paper where he promised to pay the court $250 million if he decides to flee to another country with no extradition,” Murphy writes. “This, of course, is totally absurd.”

Court believes that the FTX founder will find it challenging to engage in financial crime or attempt to flee the country without being recognized.

Aside from this, SBF has been shackled with an ankle monitor and will remain under strict supervision from Pretrial services.