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Cryptocurrencies: 30048
Markets: 114331
Market Cap: $2,618,478,786,416     
24h Vol: $90,622,385,747
Seeking Alpha 2022-12-19 15:31:32

FTX co-founder Sam Bankman-Fried preparing to be extradited to U.S. - report

FTX co-founder Sam Bankman-Fried preparing to be extradited to U.S. - report
FTX co-founder Sam Bankman-Fried has indicated he's readying to be extradited from the Bahamas to the U.S. as soon as Monday, Bloomberg reported , citing a person with direct knowledge of the matter. Bankman-Fried, who oversaw the meteoric rise and collapse of the cryptocurrency exchange, is expected to say he won't fight extradition in a Nassau court. The 30-year-old was arrested a week ago in the Bahamas after the U.S. Department of Justice filed criminal charges against him. A day later the Securities and Exchange commissioned filed a lawsuit, alleging that SBF defrauded investors and clients . Bankman-Fried has said he didn't try to commit fraud and didn't knowingly commingle funds.
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