The family of Sam Bankman-Fried is reportedly paying around $10,000 a week for armed security to protect their California home and themselves from ongoing threats.
The backlash against SBF, the former CEO of cryptocurrency exchange firm FTX, has been harsh. In a shocking turn of events, it has been revealed that the Sam Bankman-Fried (SBF) family is paying around $10,000 a week for armed security to protect themselves and their California home.
The news comes just two weeks after Bankman-Fried, CEO of cryptocurrency exchange firm FTX, was arrested in the Bahamas on federal charges related to his company.
The family of Sam Bankman-Fried maintains private armed security.
New York Post report That the parents of Sam Bankman-Fried have employed armed security guards because of death threats against their son. Ex-CEO of cryptocurrency exchange firm ftx He has reportedly received numerous threats following his arrest on federal charges related to his company.
Armed security is used by the family to ensure their safety amid ongoing protests against Bankman-Fried.
Armed security guards reportedly guard the troubled family’s 3,000-square-foot Palo Alto home 24 hours a day. The multi-million dollar home is fenced, and security has erected barriers at both ends of the block and armed guards at the front gates.
According to sources, since the return of their son, the parents of the fallen wunderkind have rarely left their home, relying on food and groceries. The family has also fenced off their property to limit contact with neighboring student housing and other residences.
SBF is the only person who has left the property, going for escorted jogging to relieve the stress. The high price tag for the security detail has raised questions about how far wealthy individuals should go to protect themselves and their families.
Some have argued that the cost is justified given the potential danger faced by Bankman-Fried and her family, while others have criticized the move as excessive and potentially detrimental to the overall safety of the community. .
Bankman-fried crime and arrest
on 13 DecemberThe 30-year-old was taken into custody in Nassau at the request of the US Attorney’s Office for the Southern District of New York.
SBF was Guilty Conspiracy to conduct wire fraud, securities fraud, money laundering, and conspiracy to mislead the United States by violating campaign financing rules.
troubled 30 year old imprisoned in the bahamaswhere his now defunct crypto venture was based, before being deported back to the United States on 21 December.
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