Armed guards, daily jogs and gawkers

Sam Bankman-Fried has reportedly been main a good way of life whereas underneath home arrest in his mum or dad’s house in Palo Alto — with each day jogs, a safety element, and a few in-home visits.

Nevertheless, it is not precisely a lifetime of countless luxurious both. The previous FTX CEO is reportedly required to put on an ankle monitor and is barely allowed to go away the home underneath sure circumstances, amongst different restrictions.

The aforementioned Palo Alto house, situated on the border of Stanford College’s campus, is known to be a $4 million property geared up with 5 bedrooms, three loos and a pool, based on actual property listings. 

The property has needed to be barricaded on each ends, nevertheless, as Bankman-Fried has reportedly confronted demise threats, whereas his house has changed into one thing of a vacationer attraction for curious onlookers.

His household is shelling out $10,000 per week for a non-public safety agency, based on a Dec. 27 article from the New York Put up.

As a part of the Dec. 22 bond settlement, Bankman-Fried is required to put on an ankle bracelet, has been pressured to give up his passport and can be required to hunt approval for any transactions in extra of $1,000. He’s additionally not allowed to own a firearm, some other weapon or “harmful gadget”.

He’s solely in a position to go away the property for train, substance abuse remedy or psychological well being remedy — one thing he’s understood to have taken up — with a number of stories indicating he has been going for each day jogs along with his safety element in tow.

Associated: Bankman-Fried may enter plea in NY federal court next week before Judge Lewis Kaplan

Whereas that is nonetheless a far cry from the Bahamas penthouse he was beforehand residing in, it nonetheless seems much better than the situations of his cell in Fox Hill jail within the Bahamas. 

That being stated, some within the crypto group have been vocal about Bankman-Fried’s launch on bail, significantly contemplating he was in a position to take action without any upfront payment.

SBF will probably be spending Christmas at house along with his mother and father enjoying video video games moderately than locked up in a cell. What sort of justice is that?

— Layah Heilpern (@LayahHeilpern) December 23, 2022

As an alternative, hs mother and father’ property has been put up as safety for the file $250 million bond, after Bankman-Fried claimed to solely have $100,000 in his bank account following the collapse of FTX.

He’s reportedly already been visited by journalist Michael Lewis, writer of the favored trading-focused books The Huge Brief, Liar’s Poker and Flash Boys, who reportedly has been embedded with SBF for over months as a part of a ebook undertaking. 

On Dec. 28, cryptocurrency vlogger Tiffany Fong revealed on Twitter she had visited Bankman-Fried in his mum or dad’s house for a “dialog” simply the evening earlier than.

Fong was one of many first to interview Bankman-Fried after the change went bankrupt in November, and is predicted to write down concerning the assembly after her vacation.

I met with Sam Bankman-Fried final evening.

I haven’t written something considerate out about our dialog – I’m simply sharing as a result of I’m getting some questions on this. I’m nonetheless in vacation mode & am visiting household in SF atm, so please be affected person.

— Tiffany Fong (@TiffanyFong_) December 28, 2022

Bankman-Fried has denied legal legal responsibility quite a few instances for the reason that collapse of FTX. He’s set to seem in a New York federal court docket on Jan. 3 to be arraigned on expenses of wire fraud and conspiracy.