12/21/2022
The 30-year-old consented to be extradited in part of a “desire to make the relevant customers whole,” his lawyer read from an affidavit inside a Bahamas courtroom, according to Reuters.
The decision enables Bankman-Fried to be flown to the U.S. as early as this afternoon, the news agency adds.
Authorities arrested the disgraced crypto exchange founder in the Bahamas earlier in the month. He has since been hit with multiple charges from the Southern District of New York and the Securities and Exchange Commission.
The charges Bankman-Fried faces in the U.S. include conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance violations, the Justice Department says.
He faces accusations of allegedly having used FTX customer funds for “his personal use to make investments and million so dollars of political contributions to federal political candidates and committees and to repay billions of dollars in loans owed by Alameda Research, a cryptocurrency hedge fund also founded by the defendant,” the DOJ said.
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