Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court...
Sam Bankman-Fried may be ready to come to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas.
A lawyer for Bankman-Fried was quoted as saying Monday the disgraced FTX founder has agreed to be extradited to the United States. A court hearing was stopped earlier in the day when his attorneys said it was premature for him to stand before the court. Bankman-Fried arrived at the courthouse in a black van marked Corrections, which was escorted by a SWAT vehicle and a police vehicle. Police quickly whisked him into an entrance at the back of the courthouse.
If he is brought to New York, Bankman-Fried will likely be held, at least temporarily, in a federal detention center in Brooklyn. Other famous prisoners at the Metropolitan Detention Center in recent years have included the sexually-abusive singer R. Kelly, the pharmaceutical company executive Martin Shkrelli and the socialite Ghislaine Maxwell, who was convicted of helping the millionaire Jeffrey Epstein sexually abuse children.
Bankman-Fried’s downfall, from crypto evangelist to pariah, occurred with stunning speed. FTX filed for bankruptcy protection on Nov. 11 when it ran out of money after the cryptocurrency equivalent of a bank run.
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