Sam Bankman-Fried Ready To Be Extradited To US

Sam Bankman-Fried Ready To Be Extradited To US

( – Sam Bankman-Fried founded FTX, a cryptocurrency exchange that grew to be one of the largest in the world, bringing in investors from all over. However, his business crashed when it had to file for bankruptcy on November 11. Noting the mismanagement that led to the company’s fall, federal prosecutors investigated and filed criminal charges of wire fraud and conspiracy against the founder. Authorities in the Bahamas, where Bankman-Friend founded FTX, arrested him on December 12. Now, it seems he is almost ready for extradition to the US.

On Monday, December 19, Bankman-Fried appeared in court in Nassau to face his extradition. However, the hearing apparently turned chaotic when his lawyer, Jerone Roberts said the court appearance occurred “prematurely” according to the New York Times. After this outburst, the judge agreed to adjourn the hearing so Bankman-Friend could speak with his attorney.

Next, Bankman-Fried’s lawyer said he wanted “a bit more information” about the extradition and to speak with US-based attorneys before making any decisions. However, in the afternoon, Roberts admitted that his client was prepared for voluntary extradition and would appear in court again to make it official.

All the while, the former FTX CEO apparently did not have the worst time awaiting the legal proceedings:

While Bankman-Fried waits for his likely impending extradition, thousands of people who lost enormous amounts of money in FTX eagerly await justice for these alleged crimes.

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