FTX founder Sam Bankman-Fried to be released on $400 million bail

FTX founder Sam Bankman-Fried leaves court in New York. Photo / Yuki Iwamura, APFTX founder Sam Bankman-Fried leaves court in New York. Photo / Yuki Iwamura, APSam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, will be released on a NZ$400 million bond as he faces a raft of criminal charges in the US, a federal magistrate judge ruled. Bankman-Fried had previously told journalists he was down to his last $100,000 (NZ$160,000) after FTX collapsed into bankruptcy. Barbara Fried, mother of FTX founder Sam Bankman-Fried, arrives at court on, Thursday, local time.