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No, Sam Bankman-Fried and his parents didn't just shell out $250 million for bail. Here's how it works.

No, Sam Bankman-Fried and his parents didn't just shell out $250 million for bail. Here's how it works.

Sam Bankman-Fried was released on a $250 million bail after a hearing on Thursday in New York federal court, where he is facing serious criminal charges over the collapse of his crypto exchange FTX. 
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