BREAKING: FTX founder Sam Bankman-Fried has reportedly agreed to be extradited to the U.S.
Bankman-Fried was arrested by Bahamas officials last week after a U.S. criminal complaint was filed against him, accusing him of engaging in a scheme to defraud FTX customers.filed a separate civil complaint, accusing him of "orchestrating a scheme to defraud equity investors in FTX" and seeking to ban him from the cryptocurrency industry.SBF's decision to agree to extradition paves the way for his appearance in a U.S. court for an arraignment and bail hearing.
Bankman-Fried faces a maximum of 115 years in prison if convicted on all criminal charges, though it's unlikely he will receive max sentences for all convictions.Axios on facebook
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