FTX founder Bankman-Fried to make U.S. court appearance after extradition

Published by
Reuters UK

By Luc Cohen NEW YORK (Reuters) – FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange. Bankman-Fried, 30, was arrested last week in the Bahamas, where he lived and where FTX is based, after federal prosecutors in Manhattan charged him with stealing billions of dollars in FTX customer assets to plug losses at his hedge fund, Alameda Research, cementing the one-time billionaire’s fall from grace. He departed the Caribbean nation in FBI cust…

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