• Sam Bankman-Fried, the former CEO of FTX, is now under house arrest while his parents put up a $250 million bail.
• The road leading up to his parents’ house has been closed off to the public.
• Tiffany Fong, a crypto journalist, was one of the few people who have managed to get inside the Bankman-Fried house to visit him.
Sam Bankman-Fried, the former CEO of the crypto exchange FTX, is now under house arrest after his parents put up a $250 million bail. This was made possible to prevent him from staying in another prison cell, and attend to him. The road leading up to his parents house has been closed down from the public, with the presence of big black tinted SUVs by the roadside, warning people that someone very important lives up ahead and they need to stay away.
Despite this air of intimidation, there have been actually a couple of people who have managed to get inside the Bankman-Fried house to pay the crypto wunderkind a visit. One of them is the sexy and glamorous crypto journalist Tiffany Fong. Fong met with Sam Bankman-Fried “last night,” according to a tweet she posted on Wednesday. She also noted that she was “still in holiday mood and visiting family” in San Francisco at the time.
Currently, Bankman-Fried is still under house arrest and it is unclear when he would be able to leave the confines of his parents’ house again. He was initially arrested in the Bahamas back in April on charges of bank fraud and money laundering related to his former crypto exchange. Bankman-Fried had pleaded not guilty to all the charges and his legal team is currently fighting to have the charges dismissed.
As of now, Bankman-Fried is unable to continue his work in the crypto space, but his family has been doing their best to ensure that he is comfortable. They have been providing him with all the necessary amenities, such as meals and laundry service, to make sure he is well taken care of.
It is unknown when Bankman-Fried will be able to taste freedom again, but his family are confident that the charges against him will be dropped and he will be able to return to the crypto world soon. Until then, Bankman-Fried will have to remain under house arrest and abide by the terms set by the court.