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Sam Bankman-Fried is moving back with his parents after being released on a $250 million bail. Sam Bankman-Fried, the co-founder of FTX, has been given permission by New York federal court Judge Gabriel Gorenstein to be released on a $250 million bond.
FTX's missing funds have finally been tracked down by authorities. The missing billion from FTX has been tracked down and led to Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried (SBF).
In a recent letter to employees, CEO of failed crypto exchange FTX Sam Bankman-Fried said he buckled under pressure reluctantly even though he should have known better.