FTX founder Sam Bankman-Fried can be released on a $250 million bail and placed on home detention as he awaits trial in a sprawling fraud case, a New York judge ruled on Thursday. At the request of prosecutors, Manhattan U.S. District Court Judge Gabriel Gorenstein agreed to the bond price and said Bankman-Fried can reside at his parent's home in Palo Alto, Calif., ahead of the trial, according to The Associated Press. Bankman-Fried, 30, is expected to be freed on Thursday. He will wear an electronic monitoring bracelet as part of the deal. Assistant U.S. Attorney Nicolas Roos told the judge an important reason for allowing Bankman-Fried out on bail was that he agreed to be extradi
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