Cryptocurrency exchange founder agrees on extradition to U.S. | USA TODAY
December 20, 2022
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0:44Now PlayingCryptocurrency exchange founder agrees on extradition to U.S. | USA TODAY
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as posted by the channelSam Bankman-Fried, founder of the cryptocurrency exchange FTX, has agreed to be extradited back to the U.S. to face federal fraud charges.
RELATEDKevin O'Leary grilled on FTX crypto exchange collapse | USA TODAY
The decision comes just a week after Bankman-Fried’s lawyers had initially said that they planned to fight extradition. An extradition hearing had been scheduled for Feb. 8. His turnabout could speed up the timetable for him to be sent to the U.S.
Bahamian authorities arrested Bankman-Fried last Monday at the request of the U.S. government. The former FTX CEO faces criminal charges in the U.S., including wire fraud and money laundering, as well as civil charges. The 30-year-old could potentially spend the rest of his life in jail.
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