JUST IN: (Gargantuan) Bail Set For Sam Bankman-Fried

FTX founder Sam Bankman-Fried is set to be released from federal custody after his attorneys struck a deal with prosecutors on a bail amount of $250 million, according to multiple reports, as the disgraced cryptocurrency mogul made his first court appearance Thursday in New York on eight criminal charges over the disappearance of billions of dollars in customer money. Read the full story on Forbes: https://www.forbes.com/sites/nicholasreimann/2022/12/22/sam-bankman-fried-will-be-released-on-250-million-bail/ Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.