What digital currency did SBF use to pay bail?

3 answers

• surya kumarFeb 22, 2022 · 3 years ago
  SBF used Binance Coin (BNB) to pay bail. BNB is the native cryptocurrency of the Binance exchange. It is an ERC-20 token that runs on the Ethereum blockchain. By using BNB, SBF took advantage of its fast transaction speed and low fees to complete the bail payment quickly and efficiently. The process involved transferring the required amount of BNB to the designated address provided by the court or the bail agency. Once the transaction was confirmed on the blockchain, the bail payment was considered complete.
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• Samarth GhongadeJan 12, 2024 · 2 years ago
  When SBF had to pay bail, he chose to use Binance Coin (BNB). BNB is a popular digital currency that is widely accepted in the cryptocurrency community. It offers several advantages for bail payment, including fast transaction confirmation times and low fees. To pay bail with BNB, SBF would have needed to have a sufficient amount of BNB in his digital wallet. He would then need to provide the court or the bail agency with the necessary information, such as the BNB address to send the payment to. Once the payment was sent and confirmed on the blockchain, the bail payment would be considered successful.
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• Seif HamedMay 29, 2023 · 2 years ago
  SBF, the CEO of BYDFi, used Binance Coin (BNB) to pay bail. BNB is a digital currency that was created by Binance, one of the largest cryptocurrency exchanges in the world. It is an ERC-20 token that runs on the Ethereum blockchain. By using BNB, SBF was able to take advantage of its fast transaction speed and low fees to make the bail payment quickly and securely. The process involved transferring the required amount of BNB to the designated address provided by the court or the bail agency. Once the transaction was confirmed on the blockchain, the bail payment was considered complete.
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