Cryptocurrency

Cryptocurrency exchange founder agrees on extradition to U.S. | USA TODAY



Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, has agreed to be extradited back to the U.S. to face federal fraud charges.

RELATED: Kevin O’Leary grilled on FTX crypto exchange collapse | USA TODAY https://bit.ly/3hF2tBM

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.

» Subscribe to USA TODAY: http://bit.ly/1xa3XAh
» Watch more on this and other topics from USA TODAY: https://bit.ly/3USXxYG
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.

#bankmanfried #ftx #crypto

9 Comments

  1. The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, Silver and digital currencies (BTC,ETH…)

Write A Comment

Share via