FTX founder Sam Bankman-Fried extradited to U.S. to face criminal charges

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FTX founder Sam Bankman-Fried extradited to U.S. to face criminal charges
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Bahamian authorities said Wednesday that former FTX CEO Sam Bankman-Fried has been extradited to the United States, where he faces criminal charges related...

NASSAU, Bahamas — Bahamian authorities said Wednesday that former FTX CEO Sam Bankman-Fried has been extradited to the United States, where he faces criminal charges related to the collapse of the cryptocurrency exchange.

Bahamas’s attorney general’s office said that Bankman-Fried would be leaving for the United States later Wednesday, noting he had waived his right to challenge the extradition. 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 at Westchester County Airport in New York and will likely appear in front of a U.S. judge on Thursday.

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.Bankman-Fried was denied bail Friday after a Bahamian judge ruled that he posed a flight risk.

Once he’s back in the U.S., Bankman-Fried’s attorney will be able to request that he be released on bail.

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