FTX founder set to be charged with eight criminal counts, including fraud, conspiracy and money-laundering offenses
Photograph: Joe Raedle/Getty ImagesPhotograph: Joe Raedle/Getty ImagesSam Bankman-Fried, the jailed founder of the collapsed crypto-currency exchange FTX, is expected to fly back to the US on Wednesday to face criminal charges after waiving his right to contest extradition from the Bahamas.
After the hearing, Bankman-Fried was set to be transferred to US custody and returned to the US to be arraigned in criminal fraud charges connected to FTX’s dramatic collapse.eight criminal counts Williams said Bankman-Fried’s wrongdoing included “fraud on customers, investors, lenders, and our campaign finance system”.
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