NEW YORKKOMPAS.com - Former FTX chief Sam Bankman-Fried will face house arrest awaiting trial in the United States on charges of defrauding clients and investors of the exchange cryptocurrency (cryptocurrency) which collapsed. Read also: Bahamian judge refuses free bail from FTX crypto boss Sam Bankman-Fried I don't think I committed fraud. I didn't want any of this to happen. I'm definitely as incompetent as I thought I was,' he said BBCshortly before his December 12 arrest in the Bahamas, where he lives and is the headquarters of FTX. In a court hearing on Thursday (12/22/2022) in New York, Assistant US Attorney Nick Roos said prosecutors will not challenge Bankman-Fried's bail release, despite 'fraud of proportions epics' that involved him. Her parents will jointly sign the $250 million bond, Bankman-Fried attorney Mark Cohen said. This triggers bankruptcy filings at other companies and a further decline in the value of the cryptocurrency. Let's join the Telegram group 'Kompas.com News Update', like click on the link URL, then join. You must first install the Telegram application on your mobile phone.