FTX Collapse: Bankman-Fried Remains in Custody

Published by
The Street

By Luc Olinga The founder of the cryptocurrency exchange will remain in custody in the Bahamas. An extradition hearing has been set for February 8. The last 48 hours have been dramatic for Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange FTX. The former king of crypto was arrested on December 12 in the Bahamas, where he lives, at the request of the American authorities who are trying to piece together the overnight implosion of his multi-billion dollars crypto empire which occurred on November 11. In addition to FTX, Bankman-Fried, or SBF as he is nicknamed in the crypto …

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