Sam Bankman-Fried Moves Closer to U.S. Extradition After FTX’s Multi-Billion Dollar Fallout

FTX co-founder Sam Bankman-Fried, who has served time in prison in the Bahamas, has agreed to be sent to the United States to face multiple criminal charges.

Bankman-Fried has been tipped to give up the fight against extradition. A hearing has been set for Wednesday in Nassau to look into the matter. A representative for the former FTX executive did not immediately respond to a request for comment.

By signing his extradition papers, Bankman-Fried is one step closer to facing a series of criminal charges in the United States related to the collapse of the FTX he co-founded.

The development, first reported by ABC Newsendorsed by Acting Bahamas Correctional Commissioner Doan Cleare.

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