Topline
A Bahamas judge on Wednesday approved the extradition of former billionaire Sam Bankman-Fried, the founder of befallen crypto exchange FTX, from a Nassau jail to the United States, where the former crypto wunderkind faces a slew of criminal charges tied to the implosion of his multi-billion-dollar exchange and allegations he stole billions of dollars from customers while misleading investors.
Key Facts
In court on Wednesday, Bankman-Fried’s attorney read an affidavit waiving the FTX founder’s right to extradition proceedings, the Wall Street Journal reported, setting the stage for him to arrive in the U.S. as early as Wednesday afternoon.
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