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FTX founder Sam Bankman-Fried was ‘chilling’ in the American Airlines lounge at JFK before flying business class to his parents’ home to await trial

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Sam Bankman-Fried in the American Airlines lounge at JFK International Airport on Thursday.Liquidity

  • FTX co-founder Sam Bankman-Fried was seen in the business class lounge at JFK airport on Thursday.

  • Liquidity tweeted a photo of the former CEO before boarding a plane to San Francisco.

  • Bankman-Fried was released on $250 million bail pending trial.

FTX founder Sam Bankman-Fried was pictured in the American Airlines business class lounge at John F. Kennedy International Airport on Thursday before heading to his family’s home in Palo Alto, Calif.

The co-founder and former CEO of collapsed crypto trading platform FTX was released on Thursday with a $250 million bond. Before the federal trial over FTX’s failure, he had to give up his passport and stay with his parents.

Liquidity photo you tweeted Bankman-Fried at JFK on Thursday.

Bankman-Fried was arrested on December 13th in the Bahamas, where his company is headquartered. That’s because federal prosecutors in Manhattan have released his eight criminal complaints against him.

He was flown to New York Wednesday night after a magistrate in the Bahamas denied him bail and approved his extradition to the United States.

Crypto reporter Tiffany Fong also tweeted a photo of Bankman-Fried on an AA flight.

FTX filed for Chapter 11 bankruptcy protection on November 11, wiping out billions of dollars worth of customer deposits. Bankman-Fried stepped down as CEO on the same day.

Bankman-Fried’s attorneys did not immediately respond to an Insider’s request for comment.

Read the original article on Business Insider

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