The former CEO of Alameda and the co-founder of FTX were released on bail of $250,000 each

ChainCatcher news, according to the Washington Post, former Alameda Research CEO Caroline Ellison and FTX co-founder Gary Wang were released on Monday on a $250,000 bail, with both signing plea agreements. It is reported that if the prosecution finds the two helpful to the case and does not violate the agreement, they may recommend a lighter sentence.

ChainCatcher previously reported that after SBF's arrest, lawyers requested a $250,000 bail for him, which was denied by a local judge in the Bahamas. (Washington Post)