Sam Bankman-Fried, the jailed founder of the collapsed cryptocurrency exchange FTX, has been extradited to the United States, where he faces criminal charges, Bahamian authorities said.
Reporters on the scene witnessed Bankman-Fried leaving a magistrate court in Nassau in a dark SUV earlier Wednesday. The vehicle was later seen arriving at a private airfield by Nassau’s airport, from which he is expected to be flown to the United States. He is due to land in New York and will likely appear in front of a US judge on Thursday.
After several days of conflicting signals from Bankman-Fried’s US and Bahamian legal teams, the disgraced crypto king appeared in court in Nassau to inform a magistrate judge of his decision.
After the hearing, Bankman-Fried was set to be transferred to US custody and returned to the US to be arraigned in criminal fraud charges connected to FTX’s dramatic collapse.
The US attorney’s office for the southern district of New York charged Bankman-Fried, 30, with eight criminal counts, including fraud, conspiracy and money-laundering offenses – including making illegal political contributions.
(Reporting by Shikha Singh, Editing by Laxmikant Khanvilkar)
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