FTX Official/YouTube
- Sam Bankman-Fried is under house arrest at his parents’ $4 million home near Stanford University’s campus.
- The property is said to have five bedrooms and a pool, real estate listings show.
- The disgraced FTX founder takes daily jogs, and his family is spending $10,000 a week on private security.
The Securities and Exchange Commission has alleged Sam Bankman-Fried orchestrated a massive, years-long fraud with his crypto exchange FTX and trading firm Alameda Research, but for now he seems to be leading a comfortable day-to-day life under house arrest.
Bankman-Fried is staying at his parents’ home in Palo Alto, California, located near Stanford University. The $4 million property has five bedrooms, three bathrooms, and a swimming pool, according to real estate listings cited by CoinTelegraph.
The posh surroundings are a far cry from the sparse and shabby confines of the Fox Hill Bahamas prison he was initially held in before his extradition to the US. On his way there, Bankman-Fried was photographed “chilling” in the American Airlines lounge at JFK airport ahead of a business-class flight home.
Last week, Bankman-Fried was released on $250 million bail, collateralized with his parents’ home along with other assets posted by others who weren’t named in the filing. The terms required him to be monitored, generally confined to the house, and wear an ankle bracelet.
According to a report from the New York Post, Bankman-Fried has received death threats, and his family is shelling out $10,000 a week for around-the-clock armed security.
Multiple reports have indicated Bankman-Fried takes daily jogs, accompanied by a security detail.
While under house arrest, he reportedly took a visit from”Big Short” author Michael Lewis, who has apparently spent months shadowing and interviewing Bankman-Fried even before FTX’s collapse.
Bankman-Fried is slated to appear in a New York federal court on January 3 for charges of wire fraud and conspiracy. He has denied criminal liability since stepping down as CEO of FTX.
