Bankman Fried S Parents Help Bail Him Out After First U S Court Hearing
Former billionaire Sam Bankman-fried’s fall from grace continued today as a U.S. court in New York granted him bail. Bankman-fried, who had been in the Bahamas ever since the collapse of his exchange that caused billions of losses all over, decided to return to the U.S. to face the charges against him in court. He is being accused of fraud by the Securities and Exchange Commission (SEC) after making a software change to FTX’s trading algorithm that prevented it from automatically selling assets....