Nassau/New York The founder and former CEO of now-bankrupt crypto exchange FTX, Sam Bankman-Fried, 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 Fried’s representatives in the United States and the U.S. Attorney’s Office were not initially 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 chairman the same day. He apologized to customers but denied allegations of fraud. FTX’s collapse rocked the crypto world.
“Amateur coffee fan. Travel guru. Subtly charming zombie maven. Incurable reader. Web fanatic.”
More Stories
Martin Schulz: “I want more courage for the United States of Europe”
US reports first case of H5N1 bird flu virus in pigs
Polestar fears US sales ban