Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been granted a $250 million bond while awaiting trial on fraud and other criminal charges.

CNBC reported that the personal recognizance bond, which does not require the full collateral amount, was secured by equity in Bankman-Fried's family home and the signatures of his parents and two other individuals with considerable assets.

In addition to the bond, the accused will be required to wear an electronic monitoring bracelet, undergo mental health counseling, and restrict his movements to the Northern District of California. He will also be barred from opening any new lines of credit over $1,000, the network reported.

Bankman-Fried stands accused of perpetrating a multibillion-dollar fraud on his investors and using customer funds for personal gain. Federal regulators allege that over $8 billion in customer funds is missing.

Two of Bankman-Fried's top lieutenants have already pleaded guilty to related fraud charges and are cooperating with law enforcement. Bankman-Fried was indicted on eight counts including securities fraud and money laundering and was recently extradited from the Bahamas to New York.