Sam Bankman-Fried to be released on $250 million bail

Plus: Ancient Mars did not have atmospheric oxygen, claims new research. Dec 24, 2022 [Blueprint]( Sam Bankman-Fried, the founder and former CEO of the collapsed cryptocurrency exchange FTX, was released on a $250 million bail on Thursday. He will face home detention while waiting for trial on charges that he defrauded investors of the collapsed company. In the ruling, the federal court indicated that the terms of a personal recognizance bond, an article of commitment that Bankman-Fried will appear in court on the agreed-upon date, could be applied. These terms were agreed to by both the prosecutors and defense attorneys. To secure the bond, Bankman-Fried had to provide equity in the family residence, the signatures of his parents, and two unnamed individuals with "considerable" assets. Bankman-Fried’s next hearing will take place in New York on January 3, 2020. But before having a look at Sam Bankman-Fried’s complicated case, let’s watch our video of the day, which shows the world's fastest camera filming the light of speed. Good morning. I’m Mert, an Editor at IE. This is The Blueprint. Let’s get started. Last Sunday, Blueprint subscribers heard about the battery development that could change the world, according to the man behind it. Don't miss out — [subscribe to IE+]( today to receive exclusive interviews, features, and much more. [Must Read]MUST READ [Disgraced FTX CEO Sam Bankman-Fried released on $250 million bail]( [Bankman-Fried is led to court.]( [Bankman-Fried is led to court.]( Getty Images Sam Bankman-Fried, the founder of FTX, was arraigned in a Westchester, New York, court today. Other former employees of FTX, floating in Bankman-Fried's orbit, have already pled guilty and are cooperating with federal authorities. The federal judge ruled that Bankman-Fried will be released on [$250 million bail]( stemming from eight counts of alleged fraud in relation to the collapse of FTX this year. Two of Bankman-Fried's top executives, Caroline Ellison and Gary Wang, also pleaded guilty to a number of criminal charges related to fraud at FTX. Bankman-Fried is due back in a New York court on January 3. [READ MORE [Arrow]]( [Play]VIDEO OF THE DAY [Teams film the speed of light at 10 trillion frames per second]( [world's fastest camera]( The world's fastest camera has filmed the speed of light. [SCIENCE]SCIENCE [Ancient Mars did not have atmospheric oxygen, claims new research]( A new experimental study conducted by Washington University in St. Louis is defeating any hope that scientists have had that atmospheric oxygen once existed on the Red Planet. The [new research]( indicates that just because NASA’s Mars rovers found manganese oxides on Mars in 2014 does not mean that oxygen was actually present in the planet’s atmosphere. Instead, scientists have found that under Mars-like conditions, manganese oxides can be readily formed without any presence of atmospheric oxygen. [READ MORE [Arrow]]( [HEALTH]HEALTH [For the first time, doctors treated a baby's heart defect with injected stem cells]( Baby Finley was born with congenital heart disease two years ago. He was the first person on record who had received an injection of stem cells to patch his heart after surgery, thanks to Professor Massimo Caputo and his team from the University of Bristol. Now, Professor Caputo and his team are working to [help more kids]( with the same condition as Finley. [READ MORE [Arrow]]( [INNOVATION]INNOVATION [Transparent 'Grätzel' solar cells achieve a new efficiency record]( Mesoscopic dye-sensitized solar cells (DSCs), often known as the renowned Grätzel cells, were developed 32 years ago by Brian O'Regan and Michael Grätzel. DSCs use photosensitizers to turn light into electricity. Researchers at the [École Polytechnique Fédérale de Lausanne]( (EPFL) have discovered a [way to create transparent photosensitizers]( molecules that can be activated by light and adsorb light across the entire visible light spectrum. Previous versions of DSCs were largely dependent on direct sunlight. [READ MORE [Arrow]]( [MAIL & MUSINGS]MAIL & MUSINGS The cryptocurrency world has become more chaotic than ever. Do you think cryptocurrency has a bright future ahead? [Yes, the future is positive]( [It won't grow much more than this]( [No, it's going to decline from here]( [I'm not sure]( YESTERDAY'S RESULTS Yesterday, we told you that scientists want to microwave the Moon so we can land on it more easily and asked how long you thought it would be before we saw regular Moon landings. Most of you (41 percent) said it would be over 10 years. 41% In over ten years 33% Within the next few years 14% Hopefully in our lifetime 12% We won't [QUOTE OF THE DAY]QUOTE OF THE DAY Earth is the cradle of humanity, but one cannot live in a cradle forever. Konstantin Tsiolkovsky, Russian space scientist. [THINGS WE LOVE]THINGS WE LOVE [image]( [Air Fryer Oven Cooker]( [image]( [Retevis RT68]( [image]( [J-Tech Wireless Presentation System]( [image]( [MEGEAR Level 2 EV Charger Station]( [AND ANOTHER THING]AND ANOTHER THING - [4 main stages of Earth's water cycle]( Here's all you need to know. - A [new type of fractal]( has been discovered in magnetic ice. (ScienceAlert) - How [ISS’s new AI-powered program]( will help real-time monitoring of the climate crisis. [premium] - Canadian polar bears near 'bear capital' [dying at a fast rate](. (Phys.org) - Forget electric planes: [U.S. aviation can be decarbonized]( using grass. [premium] - [Not everything we call AI]( is actually 'artificial intelligence.' (TechXplore) - A Brazilian non-profit shows how a [GPS-powered app can end food waste](. [premium] Prepared by Mert Erdemir Enjoy Reading? Forward this email to a friend. Was this email forwarded to you? [Join Free!]( [About Us]( [Advertise]( [Contact Us]( [Facebook]( [Twitter]( [Youtube]( [Linkedin]( [Instagram]( You are receiving this email because you have subscribed to our newsletter. Manage you e-mail preferences or unsubscribe [here](. © Copyright 2022 | The Blueprint is by Interesting Engineering, Inc. 205 Hudson St New York, NY, 10013, USA [Interesting Engineering]