STANFORD — Former FTX cryptocurrency billionaire Sam Bankman-Fried gained permission Thursday for a sweet alternative to awaiting trial in jail: He’ll reside at his parents’ home in the tony Upper San Juan neighborhood nestled in the southern part of Stanford University’s campus.
Preparations have been underway for days for Bankman-Fried, once hailed as the king of crypto and now charged with wide-ranging fraud, to return to the community where he grew up after posting $250 million bail.
Sheriff deputies, campus public safety and private security set up barriers throughout the Stanford neighborhood just after 1 p.m. on Thursday in anticipation of Bankman-Fried’s arrival, blocking off any chance for a curious