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Home Crypto Updates

Bankman-Fried’s $250M Bail Bond Isn’t What It Appears

by Blockchain Daily Report
December 24, 2022
in Crypto Updates
Reading Time: 1 min read
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Bankman-Fried’s $250M Bail Bond Isn’t What It Appears
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There’s a second strategy to purchase a bail bond. A defendant, or somebody on their behalf, could pledge collateral within the full quantity of the bond. Then, if the defendant fails to seem in courtroom, the pledged collateral is forfeit to the courtroom. So, in Bankman-Fried’s case, that may imply he would want a benefactor to step up and pledge property value $250 million to get the bond. However that didn’t occur both.



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