Sam Bankman-Fried to be extradited to the US

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Blockchain
Sam Bankman-Fried to be extradited to the US

The former FTX CEO, currently held in custody in the Bahamas, will be extradited to the United States, where he faces multiple criminal charges.

According to WSJ, the judge in the Bahamas has just approved SBF’s extradition to the US. Earlier this week, the infamous entrepreneur agreed not to contest his extradition.

Earlier today, the former FTX CEO reportedly signed paperwork waiving an extradition hearing from the Bahamas to face the proceedings in the United States.

Bankman-Fried found himself amidst controversy ever since FTX went bankrupt and data surfaced revealed a concealed worth $10B to sister trading firm Alameda Research. The findings resulted in Manhattan Authorities investigating the alleged embezzlement and fraud accusations.

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Adrian Zmudzinski

Adrian Zmudzinski is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Adrian previously reported for Cointelegraph and Benzinga.