Inside SBF’s House Arrest

Story- Divya Sinha

Former FTX CEO Sam Bankman-Fried has been placed under house arrest after being scheduled to be released on a bond of $250 million.

He will be staying at his parents' home in Palo Alto, California.

As per reports, SBF’s parents purchased the property in 1992 for about $700,000 and it is now worth over $4 million.

The home was built in 1917 and is considered part of the Palo Alto Stanford Heritage site, which aims to preserve Palo Alto's historic buildings.

The property is over 3,000 square feet and features luxurious 4 bedrooms and 3 bathrooms, a dining room, renovated kitchen, a study and a large living room with a fireplace.

Also, there are palm trees surrounding the property, with gated pool and expansive lawn area.

Under house arrest, SBF has to wear an electronic ankle monitor. He is allowed to leave home to exercise and seek mental health and substance abuse treatment.