Former FTX CEO SBF Faces Possibility of Extradition to US for Questioning

Former FTX CEO SBF Faces Possibility of Extradition to US for Questioning

Amidst speculation over Sam Bankman-Fried’s whereabouts, the authorities are mulling over extraditing the former CEO of the bankrupt crypto exchange, FTX, back to the United States.
According to the latest Bloomberg report, law-enforcement officials in the US and Bahamas have been engaged in talks over SBF as they investigate his role in FTX’s implosion. People familiar with the matter said that Bankman-Fried has been cooperating with Bahamian authorities.
The Bahamian securities regulators and financial investigators have launched a probe into the fall of FTX and are looking for potential criminal misconduct by its operators.
Even though none of the execs, including SBF, have been charged with anything yet, many speculate that his behavior, as well as FTX’s business practices, demonstrated fraud.
A former deputy attorney general believes the US Justice Department, which recently opened an investigation into the matter, could bring criminal charges against the once-crypto billion

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