Former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the U.S. for questioning, according to three sources familiar with the matter. After SBF allegedly transferred $10 billion in client to Alameda Research, the company’s financials show that between $1 billion and $2 billion disappeared.

Ex-FTX CEO Bankman-Fried Faces Extradition to US for Questioning, Report Suggests

It’s been two weeks since FTX crashed and 11 days since the company filed for Chapter 11 bankruptcy. Now, according to some reports, officials in the United States and the Bahamas are discussing the extradition of SBF to the United States to interrogate him for his role in the company’s fallout. Fox Business confirmed the alleged discussions on Wednesday, and Bloomberg, citing three sources, said the extradition talks were legitimate.

“U.S. and Bahamian authorities have been discussing the possibility of bringing Sam Bankman-Fried to the U.S. for questioning, according to three people familiar with the matter,” Bloomberg contributors Katanga Johnson, Lydia Bayyod and Anne Massa wrote.

4 Former FTX, Alameda execs and family members denied bankruptcy compensation

According to court documents filed over the weekend and Monday, FTX Group holds a cash balance of about $1.24 billion, but the current list of creditors shows that FTX owes about $3.1 billion in assets. Additionally, FTX’s new CEO, John Ray, outlined how the struggling company is exploring the sale of some of its subsidiaries. Ray noted that some of FTX’s licensed subsidiaries have “solvent balance sheets, responsible management, and valuable franchises.”

In a separate court filing, the bankrupt company emphasized that former FTX and Alameda executives SBF, Caroline Ellison, Gary Wang and Nishad Singh will not receive any payments from the Chapter 11 proceedings. “Under the authorization requested by this motion, no payments will be made to any of the following persons or persons known to the debtor to be related to Samuel Bankman-Fried, Gary Wang, Nishad Singh, or Caroline Ellison,” the filing highlights.

See also  FTX-Hosted NFTs Point to Corrupted Metadata, Issue Reveals Flaws in Centralized Cloud-Related NFTs – Bitcoin News

tags in this story

balance sheet, bankruptcy, bankruptcy court, bloomberg, caroline ellison, extradition, extradition, extradition to usa, extradition, family, Fox Business, ftx, FTX bankruptcy, FTX collapse, FTX subsidiary, Gary Wang, John Ray, Nishad Singh, Sam Bankman-Fried, sbf, SBF Extradition, SBF Extradition

What do you think about the possibility of SBF being extradited to the US for questioning? Let us know your thoughts on this topic in the comments section below.

Jamie Redman

Jamie Redman is the Head of News for Bitcoin.com News and a fintech reporter based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




image credits: Shutterstock, Pixabay, Wiki Commons

disclaimer: This article is for only. It is not a direct offer or solicitation of an offer to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned herein.

By Rebecca French

Rebecca French writes books about Technology and smartwatches. Her books have received starred reviews in Technology Shout, Publishers Weekly, Library Journal, and Booklist. She is a New York Times and a USA Today Bestseller...