According to latest reports, FTX founder Sam Bankman-Fried is headed back to the United States to face criminal charges over the collapse of his crypto exchange, after a judge approved his extradition from the Bahamas. In an affidavit that was read aloud in court on Wednesday, Bankman-Fried stated that he had “a desire to make the relevant customers whole” and that he had agreed not to challenge his extradition.
To answer allegations of wire fraud, securities fraud, money laundering, and a violation of campaign finance laws, SBF might fly into New York as early as Wednesday afternoon.
He will be charged after arriving at the Federal District Court in Manhattan, however, the actual day and time of the hearing are still unknown. The accusations come as a result of FTX’s infamous collapse, which went insolvent last month.
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