Sam Bankman-Fried has reportedly been leading a decent lifestyle while under house arrest in his parent’s home in Palo Alto — with daily jogs, a security detail, and a couple of in-home visits.
However, it’s not exactly a life of endless luxury either. The former FTX CEO is reportedly required to wear an ankle monitor and is only allowed to leave the house under certain circumstances, among other restrictions.
The aforementioned Palo Alto home, located on the border of Stanford University’s campus, is understood to be a $4 million property equipped with five bedrooms, three bathrooms and a pool, according to real estate listings.
The property has had to be barricaded on both ends, however, as Bankman-Fried has reportedly faced death
While this is still a far cry from the Bahamas penthouse he was previously living in, it still appears far better than the conditions of his cell in Fox Hill prison in the Bahamas.
That being said, some in the crypto community have been vocal about Bankman-Fried’s release on bail, particularly considering he was able to do so without any upfront payment.
SBF will be spending Christmas at home with his parents playing video games rather than locked up in a cell. What kind of justice is that?
— Layah Heilpern (@LayahHeilpern) December 23, 2022
Instead, hs parents’ property has been put up as security for the record $250 million bond, after Bankman-Fried claimed to only have $100,000 in his bank account following the collapse of FTX.
He’s reportedly already been visited by journalist Michael Lewis, author of the popular trading-focused books The Big Short, Liar’s Poker and Flash Boys, who reportedly has been embedded with SBF for over months as part of a book project.
On Dec. 28, cryptocurrency vlogger Tiffany Fong revealed on Twitter she had visited Bankman-Fried in his parent’s home for a “conversation” just the night before.
Fong was one of the first to interview Bankman-Fried after the exchange went bankrupt in November, and is expected to write about the meeting after her holiday.
I met with Sam Bankman-Fried last night.
I haven’t written anything thoughtful out about our conversation – I’m just sharing because I’m getting some questions about this. I’m still in holiday mode & am visiting family in SF atm, so please be patient.
— Tiffany Fong (@TiffanyFong_) December 28, 2022
Bankman-Fried has denied criminal liability numerous times since the collapse of FTX. He is set to appear in a New York federal court on Jan. 3 to be arraigned on charges of wire fraud and conspiracy.