Former FTX CEO Sam Bankman-Fried has been released to house arrest at his parents’ Palo Alto home, on a $250 million bond—the highest ever pre-trial bond, according to federal prosecutors. Meanwhile, with Alameda Research’s former CEO Caroline Ellison and FTX’s co-founder and former CTO Gary Wang pleading guilty to a suite of charges, details of the breadth and depth of the companies’ collapse have been revealed in the SEC’s 38-page complaint. It also suggests that the SEC may be compiling legal ammunition to take on centralized crypto exchanges.
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