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France 24
France 24
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FTX founder Bankman-Fried to appear in court after extradition to US

FTX Sam Bankman-Fried United States Bahamas Cryptocurrency Alameda
Sam Bankman-Fried, who founded and led FTX until a liquidity crunch forced the cryptocurrency exchange to declare bankruptcy, is escorted out of the Magistrate Court building after his arrest, in Nassau, Bahamas, December 13, 2022. © Dante Carrer, Reuters

FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, where he had remained since the collapse of his now-bankrupt cryptocurrency exchange.

Bankman-Fried, 30, was arrested last week in the Bahamas, where he lived and where FTX is based, after federal prosecutors in Manhattan charged him with stealing billions of dollars in FTX customer assets to plug losses at his hedge fund, Alameda Research, cementing the one-time billionaire’s fall from grace.

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