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Cryptocurrencies

FTX founder Sam Bankman-Fried released on $250m bond

Crypto boss makes 1st U.S. court appearance; colleagues plead guilty to fraud charges

Former FTX chief executive Sam Bankman-Fried walks from the Manhattan federal court after securing bail on Dec. 22.   © Reuters

NEW YORK (Reuters) -- Sam Bankman-Fried was released on a $250 million bond package while he awaits trial on fraud charges related to the collapse of the FTX crypto exchange.

Federal prosecutors in Manhattan have accused him of stealing billions of dollars in FTX customer funds to plug losses at his hedge fund, Alameda Research.

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