
FTX Founder Sam Bankman-Fried Extradited To The U.S.
Sam Bankman-Fried aka SBF, founder and former CEO of the bankrupt crypto exchange FTX, was arrested in the Bahamas last week at the request of U.S. authorities. Since the court denied him the requested release on bail, he had to sit in the notorious Fox Hill prison. This is likely to have led him not to invoke extradition to the U.S. He is expected to be flown to the U.S. today where he will face trial on the charges, according to a CNBC report. A release on bail does not seem likely.