简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Sam Bankman-Fried agrees to be extradited in the United States.
When he appears in court on Monday, former FTX CEO Sam Bankman-Fried is anticipated to accept extradition to the United States, where he faces fraud accusations, according to Reuters.
This comes after Mr. Bankman-Fried was arrested in Nassau, Bahamas, on December 12 and appeared in Magistrate Court the next day.In federal court in Manhattan, the 30-year-old cryptocurrency billionaire was accused of engaging in a scheme to defraud FTX clients by paying fees and bills with billions of dollars in stolen deposits and making investments for his cryptocurrency hedge fund, Alameda Research LLC.
What motivated Bankman-Fried to alter his mind and decide not to resist extradition is unknown. However, by accepting extradition, he will face prosecution in the United States for wire fraud, money laundering, and campaign finance law breaches.
Bankman-Fried, according to his defense lawyer Zachary Margulis-Ohnuma, will likely be detained at the Metropolitan Detention Center in Brooklyn upon arrival and will have his first court appearance within 48 hours or sooner. Bankman-Fried will be asked to enter a plea during the hearing, and a judge will decide on bail.
Michael Weinstein, a veteran federal prosecutor, and white-collar defense attorney believe the unaccounted-for cash is enough for prosecutors to fear he would run and expects the court to set “restrictive and onerous terms” even if pretrial release is granted.
Bankman-Fried admitted to failings in risk management at FTX but said he was not criminally culpable.
Stay tuned for more FTX news.
To stay updated on the latest news, even on the go. Use the download link below to download and install the WikiFX App on your mobile phones.
Download link: https://www.wikifx.com/en/download.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Crypto.com secures a PSP license in Bahrain, expanding its services and planning a prepaid card launch to support the growing digital economy in the region.
SEC seeks a 4-month extension to review 133,582 documents in the Coinbase lawsuit. The deadline could be extended to February 2025 as crypto regulations tighten.
With around 30 forex currency pairs, precious metals, Grinta Invest aims to cater to a wide range of traders. WikiFX has given this broker a low score of 1.98/10. Why?
A 27-year-old shop assistant from Malaysia recently lost more than RM100,000 of his savings to an online investment scam that promised substantial returns.