{"id":530642,"date":"2022-12-23T07:40:18","date_gmt":"2022-12-23T04:40:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-twitter-confused-by-sbfs-250m-bail-and-a-return-to-luxury\/"},"modified":"2022-12-23T07:40:18","modified_gmt":"2022-12-23T04:40:18","slug":"crypto-twitter-confused-by-sbfs-250m-bail-and-a-return-to-luxury","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-twitter-confused-by-sbfs-250m-bail-and-a-return-to-luxury\/","title":{"rendered":"# Crypto Twitter confused by SBF&#8217;s $250M bail and a return to luxury"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c16fe12b9d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c16fe12b9d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-twitter-confused-by-sbfs-250m-bail-and-a-return-to-luxury\/#%E2%80%9D_Crypto_Twitter_confused_by_SBFs_250M_bail_and_a_return_to_luxury_%E2%80%9C\" >&#8221; Crypto Twitter confused by SBF&#8217;s $250M bail and a return to luxury &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Twitter_confused_by_SBFs_250M_bail_and_a_return_to_luxury_%E2%80%9C\"><\/span>&#8221; Crypto Twitter confused by SBF&#8217;s $250M bail and a return to luxury &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvMTg3ZDZhOTQtZWNlMC00YTgwLWI0NjgtODJhMjI3MzkzYjAxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-71d2d00b>Crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> has seemingly taken issue with Sam Bankman-Fried\u2019s $250 million bail bond, allowing him to spend Christmas in his parent\u2019s Palo Alto home without paying a single dime upfront.\u00a0<\/p>\n<p>The former FTX CEO arrived in New York from the Bahamas on Dec. 21 and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared in court on Dec. 22 where he was released on bail via a \u201cpersonal recognizance bond\u201d \u2014 essentially a written promise from the defendant that they will show up for future court appearances and not engage in any illegal activity while out on bail. <\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.nysd.590939\/gov.uscourts.nysd.590939.14.0.pdf\">According<\/a> to the release agreement filed on Dec. 22, no cash was required to be deposited with the court, but the bond conditions see to it that Bankman-Fried\u2019s parent\u2019s five-bedroom home in Palo Alto will be used as collateral for the $250 million bond. <\/p>\n<p>Some of the crypto community on Twitter were initially confused by the $250 million no-upfront-cost bail conditions, questioning how Sam Bankman-Fried was able to post the $250 million bail figure after he previously claimed he had less than $100,000 in his bank account.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Funny how SBF is able to post the $250M bail not long after saying he only had $100k.<\/p>\n<p>So he probably is using stolen customer deposits to stay out of jail.<\/p>\n<p>\u2014 Benjamin Cowen (@intocryptoverse) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/intocryptoverse\/status\/1606005099817340928?ref_src=twsrc%5Etfw\">December 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Under the bail agreement, the bond is only paid up if Sam Bankman-Fried doesn\u2019t appear for future court appearances or violates other conditions of his bail, such as appearing for court proceedings and surrendering to serve a court sentence.<\/p>\n<p>Meanwhile, those who reviewed the court documents instead shared concerns over Bankman-Fried\u2019s guarantors \u2014 including his father, Allan Joseph Bankman, and mother, Barbara Fried, who would be on the hook should SBF violate the conditions of his bail.<\/p>\n<p>Host of the Wall of All Streets Podcast Scott Melker <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1606092970423242752?s=46&amp;t=5CVS4bsUlaelNXqfV50_CQ\">tweeted<\/a> on Dec. 23 saying that while SBF didn\u2019t have to pay $250 million to stay out of jail, if he \u201cskips bail,\u201d his parents will have to work \u201c17 extra jobs\u201d to come up with the money.<\/p>\n<p>Vocal crypto Twitter user Autism Capital elaborated on the matter explaining that while he has not had to pay any money upfront, he has put his parents, relatives, and non-relatives in a difficult situation.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Sam is out on a personal recognizance bail. What this means is that NO MONEY has been paid. His parents put up their home as collateral, one relative and a non-relative have also put up collateral. All of them would be on the hook for $250M if Sam runs. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/F85qHFVQDQ\">https:\/\/t.co\/F85qHFVQDQ<\/a><\/p>\n<p>\u2014 Autism Capital  (@AutismCapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AutismCapital\/status\/1606023236021411841?ref_src=twsrc%5Etfw\">December 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While the host of the Regulatory Jason Podcast, Jason Brett, tweeted on Dec. 23 that while it might not be fair that SBF is staying in a luxurious home while on trial, he reminded his followers that everyone in the United States is entitled to a fair trial and the presumption of innocence. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">People are impatient to see <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> pay for his crimes. However, the reason America is different is how we treat those accused. Is it fair that he gets to be in a luxury home in a warm climate during trial? Life isn\u2019t fair but we can get a shot at the truth of what happened.<\/p>\n<p>\u2014 Jason Brett (@RegulatoryJason) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RegulatoryJason\/status\/1606072160602050560?ref_src=twsrc%5Etfw\">December 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Steven McClurg tweeted a statement implying that SBF\u2019s parents shouldn\u2019t be allowed to put up their home as collateral on the $250 million bail as the home was bought with \u201cstolen FTX funds.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">So <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> parents, who bought a home in Bahamas with stolen FTX funds, will use their other home as collateral on the $250mm bail?<\/p>\n<p>\u2014 Steven McClurg (@stevenmcclurg) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/stevenmcclurg\/status\/1606070150981189634?ref_src=twsrc%5Etfw\">December 22, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> SBF sent home after his parents put up their house to cover his astronomical bail bond<\/em><\/strong><\/p>\n<p>Some Twitter users also found it amusing that SBF\u2019s bail conditions did not restrict him from using a computer whilst being released on bail.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">So <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SBF_FTX?ref_src=twsrc%5Etfw\">@SBF_FTX<\/a> is out on bail, has no restrictions on his use of computers, and follows me on Twitter. Awkward.<\/p>\n<p>\u2014 David &#8220;JoelKatz&#8221; Schwartz (@JoelKatz) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JoelKatz\/status\/1606102815113326593?ref_src=twsrc%5Etfw\">December 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-twitter-confused-by-sbf-s-250m-bail-and-a-return-to-luxury\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Twitter confused by SBF&#8217;s $250M bail and a return to luxury &#8220; Crypto Twitter has seemingly taken issue with Sam Bankman-Fried\u2019s $250 million bail bond, allowing him to spend Christmas in his parent\u2019s Palo Alto home without paying a single dime upfront.\u00a0 The former FTX CEO arrived in New York from the Bahamas&#8230;<\/p>\n","protected":false},"author":1,"featured_media":530643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/187d6a94-ece0-4a80-b468-82a227393b01.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74891,135234,127241,89897,55229,70934,10401],"class_list":["post-530642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-ethereum","tag-ftx","tag-ftx-token","tag-sam-bankman-fried","tag-law","tag-regulation","tag-twitter"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=530642"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/530642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/530643"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=530642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=530642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=530642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}