Inside SBF’s House Arrest

December 23, 2022 Story- Divya Sinha

Former FTX CEO Sam Bankman-Fried has been placed under house arrest after being scheduled to be released on a bond of $250 million.

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He will be staying at his parents' home in Palo Alto, California.

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As per reports, SBF’s parents purchased the property in 1992 for about $700,000 and it is now worth over $4 million.

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The home was built in 1917 and is considered part of the Palo Alto Stanford Heritage site, which aims to preserve Palo Alto's historic buildings.

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The property is over 3,000 square feet and features luxurious 4 bedrooms and 3 bathrooms, a dining room, renovated kitchen, a study and a large living room with a fireplace.

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Also, there are palm trees surrounding the property, with gated pool and expansive lawn area.

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Under house arrest, SBF has to wear an electronic ankle monitor. He is allowed to leave home to exercise and seek mental health and substance abuse treatment.

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