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> A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Fried’s camp would not be required to meet th
by somesortofthing 4y ago
> A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Fried’s camp would not be required to meet the full collateral requirements on the bail.
Doesn't look like that's what's happening. It's not clear how much money's changing hands, but it's definitely nowhere near the full $250m.
- throwthere 4y agoCNBC says 8-10% is likely, with the real numbers known once the filings come out. And 8-10% of $250 million is... a lot more than SBF's claimed few hundred dollars.