Cryptocurrency

FTX founder extradited to the US to face criminal charges

When asked by Magistrate Judge Shaka Serville if the affidavit was his and represented his wishes, Bankman-Fried said, “Yes, I do wish to waive my right to formal extradition proceedings.”

NASSAU, Bahamas — FTX founder Sam Bankman-Fried was transferred to US custody on 21 December to face criminal charges connected to the collapse of the crypto exchange, after a judge here approved his extradition.

He was flown to New York, accompanied by federal law-enforcement officials and could make an initial appearance in federal district court as soon as 22 December. When he is arraigned, he will be asked to enter a plea.

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