Sam Bankman-Fried Faces United States Extradition

November 22, 2022

Reading Time: 2 minutes

The former CEO of the bankrupt crypto exchange, Sam Bankman-Fried is likely to be facing US extradition in order to answer some questions related to the collapse of the FTX exchange.

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Former FTX CEO May Face US Extradition

The report by Bloomberg cited three people familiar with the matter; currently, the authorities of both the US and the Bahamas are in talks over the extradition of Bankman-Fried to the US to answer some questions regarding his role in the FTX collapse.

“American and Bahamian authorities have been discussing the possibility of bringing Sam Bankman-Fried to the U.S. for questioning, according to three people familiar with the matter,” wrote Bloomberg contributors Katanga Johnson, Lydia Beyoud, and Annie Massa.

Since the collapse of FTX, many have been questioning the integrity of the former CEO of FTX due to some reports surrounding the management of customers’ funds. There were reports that the former CEO of FTX transferred $10 billion in customer funds to FTX’s sister firm Alameda research, also, between $1 billion and $2 billion have been reportedly missing as shown in the financial reports of the firm.

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