Former FTX Founder Agrees To

December 20, 2022 Story: Divya Sinha

As per the report, Sam Bankman-Fried, former FTX CEO, has decided to agree to extradition to the US on fraud charges.

This comes after SBF’s lawyer told a Bahamas judge he was not ready to consent.

He was charged with stealing billions from FTX clients to offset losses at his hedge fund, Alameda Research.

He was arrested in the Bahamas at the behest of U.S. prosecutors.

It is still unclear when he would leave the Bahamas.

Also report mentioned that SBF attorney Mark Cohen and the US Attorney's Office did not immediately respond to requests for comment.

At Monday's hearing, Bankman-Fried wore a dark blue jacket and an open white shirt which was different from the casual attire he wore.