Usa Bahamas Crypto cryptocurrency FTX Sam Bankman-Fried Usa Bahamas

FTX founder Sam Bankman-Fried agrees to U.S. extradition from Bahamas

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Sam Bankman-Fried told a Bahamian court Wednesday that he has agreed to be extradited to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX.

The former FTX CEO left a Magistrate’s Court and headed to Odyssey Aviation to return to the United States, according to Bahamian news organization Our News.

Bahamian authorities arrested Bankman-Fried last week at the request of the U.S. government. U.S. prosecutors allege he played a central role in the rapid collapse of FTX and hid its problems from the public and investors.

The Securities and Exchange Commission said Bankman-Fried illegally used investors’ money to buy real estate on behalf of himself and his family.

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