The US may request Sam Bankman-Fried's extradition to the U.S. from the Bahamas for questioning regarding the collapse of FTX. Bloomberg is facing possible criminal investigation.
The U.S. and the Bahamas have discussed potentially extraditing former crypto billionaire Sam Bankman-Fried to the U.S. for questioning regardingBankman-Fried's FTX collapsed from being a world-class crypto trading company to filing for bankruptcy last week. Bankman-Fried resides in the Bahamas, where the company is also registered. The top Democratic donor is facing burgeoning calls for investigation in the U.S.
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange. Photographer: Jeenah Moon/Bloomberg via Getty Images FTX was the third-largest crypto market in the world at the start of last week when it announced liquidity problems and said it would need a massive infusion of cash to stay afloat.Binance, the world's largest crypto market, initially stepped in and offered to buy the company, but it backed out of the deal after looking into FTX's finances.
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