Sam Bankman-Fried Is Expected to Consent to Extradition From Bahamas

Posted on AllSides December 19th, 2022
From The Center
Criminal Justice, Sam Bankman-Fried, FTX, Extradiction

FTX co-founder Sam Bankman-Fried is planning to consent to extradition to the U.S. to face criminal charges related to the cryptocurrency exchange’s collapse, people familiar with the matter said.

Mr. Bankman-Fried has been in custody in the Bahamas since he was arrested last Monday in connection with several U.S. criminal charges, which were unsealed a day later. Federal prosecutors in Manhattan have charged Mr. Bankman-Fried with fraud and money-laundering offenses, alleging he defrauded customers, lenders and investors. They also alleged he violated campaign-finance rules by making illegal political contributions.

Mr. Bankman-Fried’s legal plans are still in flux...

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