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HomeAll Ch00 Ch00 NewsFBI is planning to EXTRADITE Sam Bankman-Freid from Bahamas - as crypto...

FBI is planning to EXTRADITE Sam Bankman-Freid from Bahamas – as crypto contagion from FTX collapse spreads to $20BN BlockFi that is preparing for bankruptcy

Sam Bankman-Freid, 30, may be brought back to the states by authorities

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merican and Bahamian authorities are discussing the possibility of bringing FTXfounder Sam Bankman-Fried to the United States for questioning, Bloomberg News reported on Tuesday, citing three people familiar with the matter.

SBF’s collapsed crypto exchange FTX, which filed for bankruptcy in the United States last week, has fanned fears about the future of the crypto industry after it outlined a ‘severe liquidity crisis’.

Since then regulators have opened investigations and lawmakers have called for clearer rules on how the industry operates.

Several crypto firms have also been bracing for a fallout of the FTX collapse with several counting their exposure in millions to the beleaguered exchange. BlockFi halted withdrawals over the weekend and is considering bankruptcy. 

A spokesperson for the Manhattan U.S. Attorney’s office declined to comment on the matter. FTX did not immediately respond to a Reuters request for comment.

FTX filed for bankruptcy protection Friday, sending tsunami-like waves through the cryptocurrency industry, which has seen a fair share of volatility and turmoil this year, including a sharp decline in price for bitcoin and other digital assets. 

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