Economy

Sam Bankman-Fried was extradited from the Bahamas and arrived in the United States

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On the night between Wednesday and Thursday, the founder and former CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, arrived in the United States after he was it was delivered From the Bahamas, the country where he lived and where his company is based. A 30-year-old American citizen, Bankman Fried Arrested in the Bahamas on November 13 after a US court issued a warrant for his arrest: accused of defrauding his investors of one of the largest financial frauds in US history.

The Bankman-Fried and FTX affair was one of the biggest scandals ever in the cryptocurrency sector and led to the bankruptcy of the company. In particular, he was accused of using funds deposited by FTX clients to finance his separate business (Alameda Research, which deals with financial trading), with the aim of making generous political donations and large private real estate purchases, thereby losing the matter. Eight billion dollars of investment and savings for thousands of people.

Bankman Fried did not legally oppose the decision to extradite him, but he denied the charges against him. He could appear in a US court as early as Thursday morning. Meanwhile, FTX co-founder Gary Wang and Caroline Ellison, former CEO of Alameda Research, said they sinner Various charges for their role in financial fraud: Both Wang and Ellison are cooperating with federal prosecutors.

– Also read: Allegations of fraud against cryptocurrency entrepreneur Sam Bankman-Fried

Thelma Binder

"Explorer. Devoted travel specialist. Web expert. Organizer. Social media geek. Coffee enthusiast. Extreme troublemaker. Food trailblazer. Total bacon buff."

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