Founder of bankrupt crypto exchange FTX agrees to extradition to US
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Sam Bankman-Fried, founder and former CEO of FTX Group, agreed to extradition to the United States and has already signed all the necessary documents for this, writes The New York Post. Today, the 30-year-old businessman, who is under arrest in the Bahamas, will have to appear in court to begin extradition proceedings.
Sam Bankman-Freed was arrested by Bahamas law enforcement on December 13 at the request of the United States. American authorities presented he is accused of defrauding FTX investors, who invested a total of $ 1.8 billion in the Sam Bankman-Freed cryptocurrency exchange. The entrepreneur tried to obtain bail, but on December 14, the court of the Bahamas refused him, explaining his decision by the high risk of escape.
FTX Group, operator of the Bahamas-listed cryptocurrency exchange FTX, filed for bankruptcy on November 11. At the same time, Sam Bankman-Fried’s departure as CEO was announced, and the company itself came under external control. The bankruptcy procedure is handled by the new head of the company, John Ray, who has extensive experience in dealing with bankruptcies, including the energy company Enron.
About the history of the FTX Group – in the material “Kommersant” “Geek Corporation”.
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