BREAKING: FBI Is Planning To Extradite Sam Bankman-Fried Back To The US

November 16, 2022 10:00 am Comments

According to Bloomberg News, American and Bahamian officials are exploring the possibilities of extraditing FTX founder Sam Bankman-Fried to the United States for questioning.

SBF’s defunct crypto exchange FTX, which registered for bankruptcy in the US last week, has fueled concerns about the crypto industry’s future after describing a “serious liquidity problem.”

Regulators have since launched probes, and politicians have urged for clearer laws governing how the business functions.

As of now a warrantor subpoena has been issued for SBF’s arrest and being the second-largest Democratic donor could be the reason why.

The Daily Mail added these details:

American and Bahamian authorities are discussing the possibility of bringing FTX founder Sam Bankman-Fried to the United States for questioning, Bloomberg News reported on Tuesday, citing three people familiar with the matter.

SBF’s collapsed crypto exchange FTX, which filed for bankruptcy in the United States last week, has fanned fears about the future of the crypto industry after it outlined a ‘severe liquidity crisis’.

Since then regulators have opened investigations and lawmakers have called for clearer rules on how the industry operates.

Several crypto firms have also been bracing for a fallout of the FTX collapse with several counting their exposure in millions to the beleaguered exchange. BlockFi halted withdrawals over the weekend and is considering bankruptcy.

A spokesperson for the Manhattan U.S. Attorney’s office declined to comment on the matter. FTX did not immediately respond to a Reuters request for comment.

Bankman-Fried has listed his five-bedroom Bahamas penthouse on the market for $40 million.

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