[throwthere]

Armchair thoughts-- makes you wonder what the game is here-- the prosecutors want a high enough bail that SBF can make, but not so high that he wouldn't pay the bond.

For reasons-- 1) It proves he has more funds. 99% odds he will declare bankruptcy once the civil judgements come, so this refutes SBF claims that he only has a few hundred dollars in a bank account somewhere.

2) Making him collect funds from more than one source so they can flush out some of his hidden buckets. Who knows how many wallets, cash and favors he's hiding, but the Feds and Internet investigators will be watching. Especially for movements on the blockchain.

[somesortofthing]

> A recognizance bond is a written commitment from the accused to appear in court when ordered. In return, Bankman-Fried’s camp would not be required to meet the full collateral requirements on the bail.

Doesn't look like that's what's happening. It's not clear how much money's changing hands, but it's definitely nowhere near the full $250m.

[throwthere]

CNBC says 8-10% is likely, with the real numbers known once the filings come out. And 8-10% of $250 million is... a lot more than SBF's claimed few hundred dollars.

[favflam]

I wonder if the bail condition was set this way as a condition of agreeing to be extradited from the Bahamas without resistance.

[bogomipz]

>"Armchair thoughts-- makes you wonder what the game is here-- the prosecutors want a high enough bail that SBF can make, but not so high that he wouldn't pay the bond."

What would the prosecutors cared if he made bail? What is their interest there?

[dragonwriter]

I think the upthread theory was based on a mistaken assumption about how bail works, wherein SBF would have to reveal hidden assets to make bail if it was large enough.