FTX founder Sam Bankman-Fried reaches extradition agreement: Report
Bankman-Fried, also known as SBF, was poised to drop his initial resistance against extradition from his Bahamas prison during a frenzied hearing Monday. However, an exact timeline for his possible transfer to the U.S. remains unclear, the Washington Post reported.“Whatever trail that got him here this morning, it did not involve me,” Bankman-Fried's lawyer Jerone Roberts told a judge during the hearing, per the Wall Street Journal.
Bankman-Fried was arrested last week and is facing charges of conspiracy to commit wire fraud on customers and lenders, conspiracy to commit money laundering, conspiracy to commit commodities and security fraud, a separate wire fraud on customers and lenders, violating campaign finance laws, and conspiracy to defraud the U.S. He is also facing civil securities fraud charges from the Securities and Exchange Commission.
That came to a thumping halt in November when the firm began to unravel — something that was catalyzed after a deal with rival firm Binance collapsed.
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