Judge approves Sam Bankman-Fried transfer to U.S. authorities

A judge in the Bahamas approved Sam Bankman-Fried's transfer to U.S. custody after the FTX co-founder consented to be extradited to the U.S. to face charges related to the collapse of cryptocurrency exchange, as reported by several media outlets. He could be flown back to the U.s as soon as Wednesday afternoon. Reuters, citing a person familiar with the matter, reported that officials with the FBI and the U.S. Marshals Service, which handles the transportation of individuals in U.S. customer, have arrived in Nassau. Meanwhile, Bloomberg reported that the U.S. Attorney will hold a press conference regarding Bankman-Fried today. Earlier on Wednesday, the 30-year-old is reportedly in bail talks with federal prosecutors.