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Bankman-Fried was granted bail following his first appearance before a U.S. judge on Dec. 22. He was released on a $250 million bail bond and has been confined to his parents’ home in Palo Alto, California. FTX and Alameda Research, together with around 130 other corporate entities, filed for chapter 11 bankruptcy on Nov. 11. Bankman-Fried also submitted his resignation at that time, with John Ray III being appointed as the new CEO of FTX Group.
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