The stunning collapse of one of crypto’s most prominent firms has quickly morphed into a legal battle pitting former executives and ex-romantic partners against one another
. Last week, as FTX founder Sam Bankman-Fried was being extradited to the United States from the Bahamas, two of his former business partners pleaded guilty to multiple charges of fraud and conspiracy.
Although $250 million is an extraordinary sum, Bankman-Fried won’t have to pay it unless he violates the terms of his bail agreement or fails to show up to court. The atypical bail plan was agreed to as part of his commitment to waive his extradition fight. Following his court appearance, Bankman-Fried was spotted in a business class lounge at New York’s John F. Kennedy International Airport. Crypto reporter Tiffany Fong also tweeted a photo showing Bankman-Fried on American Airlines flight.
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