Earlier this month, the former CEO of the insolvent FTX cryptocurrency exchange was arrested in the Bahamas after the US government filed criminal charges against him.
Not long after his arrest, SBF was taken to court after which the ruling required him to be detained till February next year by the Bahamas authorities.
As per a Reuters report, citing an SBF lawyer, the former CEO of the bankrupt FTX has agreed to be extradited to the US to face fraud charges against him. Recall that MyCryptoParadise last month reported the likely extradition of the former FTX CEO to the US.
This report came after many hours of one of the lawyers of Bankman-Fried told a Judge in the Bahamas court that he wanted to see the indictment from the US before consenting to the extradition.
One of the latest shocks in the crypto world is the bankruptcy of FTX, one of the world’s leading cryptocurrency exchanges, this event has led to several questions regarding whether or not more crypto firms are facing issues related to liquidity, Binance, the world’s largest cryptocurrency exchange is a victim of this as it has been experiencing a surge in withdrawals on its exchange following several rumors about the exchange facing insolvency issues.
Meanwhile, last week, the US Securities and Exchange Commission charged Bankman-Fried with defrauding investors, this happened nearly a month after FTX filed for creditors’ protection.
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