A federal judge imposed a $250 million bond and a requirement that Sam Bankman-Fried remain with his parents in California after he was granted release from jail on Thursday.
Hours after Mr. Bankman- Fried arrived in the United States, he appeared in Federal District Court in Manhattan.
Mr. Bankman-Fried will live with his parents in Palo Alto, Calif., under strict electronic monitoring, which will include a bracelet that will be placed on him before he leaves the courthouse.
The judge said that the $250 million personal recognizance bond would be secured by his parents. He had to give up his passport and receive mental health treatment. Expenses over $1,000 would have to be approved by the government.
If Mr. Bankman- Fried failed to appear in court or violate any of the other conditions, a warrant would be issued for his arrest and he and his parents would have to pay the hefty bond.
When asked if he understood, Mr. Bankman- Fried replied, "Yes, I do."
Before Mr. Bankman- Fried was extradited, discussions about a bail deal began. The deal was proposed in court on Thursday by the US prosecutors who brought the charges against Mr. Bankman-Fried.
Mr. Bankman- Fried was seated between his two lawyers, Mark Cohen and Christian Everdell.
Mr. Cohen said that Mr. Bankman- Fried was not a flight risk. He told the judge that his client agreed to face the charges in New York. He would like to address them.
Nicolas Roos, an assistant U.S. attorney, said that Mr. Bankman-Fried had committed crimes of "epic proportions" and that the case against him involved multiple cooperating witnesses. He noted that Mr. Bankman-Fried had lost a lot of his wealth.
The judge said that it would be hard for the person to hide. The risk of flight is mitigated according to my opinion.
Two counts of wire fraud, six counts of conspiracy related to securities and commodities fraud, money laundered and violating the campaign finance laws have been levied against Mr. Bankman-Fried.
Liset Cruz and Ephrat Livni reported.
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