Former FTX CEO, SBF, May Be Extradited to the United States for Questioning
November 16, 2022
The authorities are considering extraditing Sam Bankman-Fried, the former CEO of the defunct cryptocurrency exchange FTX, back to the United States amid rumors about his whereabouts.
As they look into SBF’s role in FTX’s collapse, law enforcement officials in the US and Bahamas have reportedly been in discussions about SBF, according to the most recent Bloomberg report. According to those with knowledge of the situation, Bankman-Fried has been cooperating with Bahamian law enforcement.
The investigation into FTX’s collapse has been opened by the Bahamian securities regulators and financial investigators, who are looking for any possible criminal activity on the part of the company’s operators. Many people believe that SBF’s actions and FTX’s business practices showed fraud, even though none of the executives, including SBF, have been charged with anything as of yet.
The US Justice Department, which recently opened an investigation into the matter, may file criminal charges against the former crypto billionaire, according to a former deputy attorney general.
The potential extradition development happened after there were rumors that the disgraced executive had fled to South America. Last week, FlightRadar24 tweeted that SBF was making a flight from Nassau to Argentina.
It was also reported that the SBF, along with FTX co-founder Gary Wang and director of engineering Nishad Singh, was in the Bahamas “under supervision” by the local authorities.