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Bankman-Fried to end extradition fight to US, sources say

Washington | Disgraced cryptocurrency executive Sam Bankman-Fried is expected to agree to extradition to the United States, according to a person briefed on the matter, as he faces charges that he orchestrated a years-long fraud culminating last month in the collapse of his crypto exchange, FTX.

In the US, Mr Bankman-Fried, 30, has been charged with using his customers’ FTX deposits to make lavish real estate purchases, invest in other companies and donate funds to politicians.

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    Original URL: https://www.afr.com/wealth/investing/bankman-fried-to-end-extradition-fight-to-us-sources-say-20221218-p5c76z