Stanford University is adding extra security and shutting down some streets around Sam Bankman-Fried's family home, according to a university spokesperson.
The Bay Area native will be held under house arrest at his parents' cushy 3,000-square-foot home.
A Stanford spokesperson said the road closures will be "temporary and limited," designed to have minimal impact on student life. Most students are not expected to be back on campus until Jan. 7.
#Breaking: The streets near Sam Bankman-Fried’s parents Stanford home are being closed off by security.
— scott budman (@scottbudman) December 22, 2022
No traffic allowed through.#FTX pic.twitter.com/QiEnEi0w4O
The Bankman-Fried household sits just feet from undergraduate residences, including its closest neighbor, the quirky “naked, pagan and vegan” dorm Synergy. Its prime location nestles it just behind the university’s Fraternity Row, and across the street from the president’s mansion.
But given the crypto founder’s public notoriety, a media circus may descend upon the family’s home. If that’s the case, the close proximity of Bankman-Fried’s house to student residences may cause a security headache for the already beleaguered university.
Bankman-Fried was released from federal custody by a Manhattan court Thursday, on a record $250 million bond. The Bay Area native was arrested in the Bahamas earlier in December, and extradited to the United States Wednesday. He faces a slew of fraud charges, filed by multiple federal entities.