FTX founder Bankman-Fried to make U.S. court appearance after extradition ...Middle East

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FTX founder Bankman-Fried to make U.S. court appearance after extradition
source : Devdiscourse ( Middle East ) () 13
FTX founder Sam Bankman-Fried is expected to appear before a U.S. court on Thursday after being extradited from The Bahamas, the first step in a possibly lengthy criminal case over the collapse of the bankrupt cryptocurrency exchange. Bankman-Fried, 30, was arrested last week in the Bahamas, where he lived and where FTX is based. 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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