Trump's $454M judgment bond slashed by more than half in appeals court ruling

An appeals court slashed former President Trump's bond payment on Monday, saying Trump must pay $175 million within the next 10 days.

Trump had previously faced a Monday deadline to pay a $464 million bond payment that came as a result of civil fraud allegations from New York Attorney General Letitia James.

A New York Appeals Court, hours before the deadline to post the $464 million, lowered that bond considerably. The court ordered that Trump post $175 million within 10 days. 

Trump said he will "abide" by the appeals decision and post the $175 million bond. 

If Trump does post the $175 million by the new deadline, it would effectively block James from attempts to seize Trump's assets as he continues to appeal the judgment by New York Judge Arthur Engoron.

"Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him - A very bad situation in which to place New York State and the Rule of Law! Engoron has disrespected the Appellate Division and its very clear and precise ruling," Trump posted on his Truth Social Monday. "He should be made to do so, and at the same time, release the GAG ORDER." 

Trump said the appeals ruling Monday is "the 5th time in this case that he has been overturned, a record." 

Trump blasted Judge Arthur Engoron, saying "his credibility, and that of Letitia James, has been shattered."