FTX founder Sam Bankman-Fried “chilled” in the American Airlines lounge at JFK before flying business class to his parents’ home to await trial
FTX co-founder Sam Bankman-Fried was spotted at JFK Airport in the business class lounge on Thursday.
Litquidity tweeted photos of the former CEO before he boarded a flight to San Francisco.
Bankman-Fried was released on $250 million bail pending trial.
FTX founder Sam Bankman-Fried is pictured in the American Airlines business class lounge at John F. Kennedy International Airport before flying to his parents’ home in Palo Alto, California on Thursday.
The co-founder and former CEO of collapsed crypto trading platform FTX was released on $250 million bond on Thursday. He had to surrender his passport and stay with his parents before a federal one trial because of the failure of FTX.
Liquidity tweeted pictures of Bankman-Fried at JFK on Thursday.
Bankman-Fried was arrested Dec. 13 in the Bahamas, where his company was headquartered, after federal prosecutors in Manhattan unsealed an eight-count criminal complaint against him.
He was flew to New York on Wednesday night after a Bahamian magistrate, who denied him bail on charges theresigned the extradition to the US.
Crypto reporter Tiffany Fong also tweeted a photo of Bankman-Fried on his AA flight.
FTX filed for Chapter 11 bankruptcy protection on Nov. 11, wiping out billions worth of customer deposits. Bankman-Fried resigned as CEO the same day.
An attorney for Bankman-Fried did not immediately respond to a request for comment from Insider.
Read the original article at Business Insider
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