Bankman-Fried appeared in federal court on Thursday, when he was released on $250 million bail after an electronic monitoring bracelet was attached to him and he agreed to live with his parents in …
By LARRY NEUMEISTER | Associated Press
Bankman-Fried, 30, appeared in Manhattan federal court on Thursday, when he was released on $250 million bail after an electronic monitoring bracelet was attached to him andEllison, the former chief executive of Bankman-Fried’s cryptocurrency hedge fund trading firm, Alameda Research, and Wang, a founder of FTX, the crypto exchange, agreed to testify against Bankman-Fried in connection with their pleas.
“Exposure of cooperation could hinder law enforcement officials’ ability to continue the ongoing investigation and, in addition, may affect Mr. Bankman-Fried’s decision to waive extradition in this case,” Abrams said. “I am truly sorry for what I did. I knew that it was wrong. And I want to apologize for my actions to the affected customers of FTX, lenders to Alameda and investors in FTX,” she said.
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