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FTX founder Bankman-Fried agreed to extradite to the US

Sam Bankman Roast

The former FTX CEO was arrested in the Bahamas last week.


(Photo: Reuters)

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.

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