Nassau/New York Sam Bankman-Fried, the founder and former chairman of now-bankrupt crypto exchange FTX, has agreed to be extradited from the Bahamas to the United States, according to two of his lawyers. There he was charged with fraud. Reuters news agency learned of the decision on Monday from Crystal Rolle, whose colleague Jeron Roberts spoke to the New York Times newspaper. Both attorneys practice in the Bahamas. Bankman’s representatives in the United States and the U.S. Attorney’s Office were not immediately available for comment.
FTX filed for bankruptcy protection on Nov. 11 after customers withdrew funds en masse in response to a covert operation of $10 billion in deposits. Banker-Fried resigned as boss the same day. He apologized to customers but denied allegations of fraud. FTX’s collapse rocked the crypto world.
“Friend of animals everywhere. Web guru. Organizer. Food geek. Amateur tv fanatic. Coffee trailblazer. Alcohol junkie.”
More Stories
A good introduction to the Miata in Australia
America's First Lady: Jill Biden Releases Children's Book About Cat at White House
Australian postal workers face over 200 hazards every day