How did Bankman-Fried secure $250 mln bail?

FTX founder Sam Bankman-Fried clinched a bail deal on Thursday that would see him released on a $250 million bond secured against his parents' property with restrictions on his movement.

Here is an explainer on how his deal stacks up and how bail works:

Was Bankman-Fried expected to get bail?

Defendants are presumed to be eligible for bail unless prosecutors can prove that no set of conditions could ensure that they would return to court. As Bankman-Fried was accused of a white collar, or financial, crime, it would have been surprising if he had not received bail.

How did Bankman-Fried secure bail?

Defendants secure bail by putting up enough of their own assets to cover a portion of their bond.