Sam Bankman-Fried, former CEO of cryptocurrency platform FTX

charged in particular for fraud and association of criminals, “SBF” was extradited to Bahamas Wednesday evening.

MO12345LEMONDE With AFP

The one who has long been seen as an iconoclastic genius of cryptocurrencies should escape prison pending his trial. A New York federal judge agreed, Thursday, December 22, on Thursday, December 22, to release the founder and former boss of the Cryptomonnaies FTX, Sam Bankman-Fried Cryptomonnaies, for the payment of a monster deposit of 250 million dollars.

charged in particular for fraud and association of criminals, “SBF”, its nickname, had been extradited to Bahamas on Wednesday evening after having renounced to challenge its delivery to the American authorities. American justice accuses Sam Bankman-Fried, aged 30, of having diverted billions of dollars thanks to a ploy that allowed it to use FTX customers’ funds in order to repay debts and make investments.

Thursday, judge Gabriel Gorenstein considered that the risk that Bankman-Fried seeking to flee was weak and that he did not represent a public danger in matters of financial crimes. Pending his judgment, “SBF” will have to reside with his parents in California and wear an electronic bracelet.

If he had been kept in detention, Sam Bankman-Fried should have been sent to the Metropolitan Detention Center (MDC) in Brooklyn, criticized for his lack of staff and his dubious management of the prisoners. Five of the eight charges held against him provide, each, a maximum sentence of twenty years in prison.

/Media reports cited above.