Posted on 11/17/2022 8:42:49 AM PST by Red Badger
According to one anonymous inside source, Bankman-Fried is being cooperative with the Bahamian officials.
With up to $2 billion of customers' money missing, FTX founder Sam Bankman-Fried may be extradited back to the United States from the Bahamas.
The 30-year-old is at the center of a huge cryptocurrency controversy, after it was revealed that his crypto exchange had been "funneling money to a sister trading company run by his girlfriend," according to The New York Post.
Now, American and Bahamian authorities are discussing the potential extradition of Bankman-Fried to the US for questioning, according to a Bloomberg report.
Three people who are reportedly familiar with the matter told the outlet that conversations between the two countries' authorities have intensified in recent days, as they investigate his role in FTX's collapse. According to one anonymous inside source, Bankman-Fried is being cooperative with the Bahamian officials.
Bankman-Fried, who resigned from his CEO position, apologized to customers on Twitter after losing billions in their money. His own net worth was estimated to be $16 billion before the disaster, but according to the Daily Mail, his fortune has taken a dive by 94 percent.
"My goal—my one goal—is to do right by customers," the major Democrat donor wrote. "I'm contributing what I can to doing so."
According to the former billionaire, he's "meeting in-person with regulators and working with the teams to do what we can for customers."
"And after that, investors. But first, customers," he added.
As of last Friday, FTX has been in bankruptcy proceedings in the US courts, and other crypto firms are expected to follow.
Crypto lender BlockFi, which is financially entangled with FTX, is planning to lay off workers and is considering filing for bankruptcy itself, reported Wall Street Journal on Tuesday.
On Saturday, Bankman-Fried was seen in the Bahamas, where FTX is based.
"A source said the disgraced CEO and his father were spotted hunkering down with cops and federal regulators Saturday," reported The Post.
So far, no one has been arrested in connection to the lost money.
And give him a medal of honor for helping democrats.
Sociopath
scumbag
only feels bad because he got caught
garbage
Do you really think this guy is still in the Bahamas?
Yep he’ll never make it.
Too much dirt on the money laundering.
A demonrat operative. They’ll whack him.
He may get the Marc Rich red carpet treatment.
“He received a widely criticized presidential pardon from U.S. President Bill Clinton on January 20, 2001, Clinton’s last day in office; Rich’s ex-wife Denise had made large donations to the Democrat Party.”
https://en.wikipedia.org/wiki/Marc_Rich
If he had donated to Republicans, he’d be in jail already.
Why is he cooperating? He’s screwed and may as well get on a jet to some country where extradition isn’t automatic... May as well stay as free as you can, for as long as you can... Then again... Maybe he’s innocent... LMAO!
He may get the SETH Rich red STAIN treatment.....................
Any words from the scumbag’s Stanford professor parents ?
Take a look at who gave money to this guy.
This might be a new kind of con game.
The people giving the money might be in on the con.
The time to plan for avoiding extradition is long before you are being extradited… I’ve heard
Is this like Bernie Made Off?
Similar....................
The time to plan for avoiding extradition is long before you commit the crime you would be extradited for!..................
Good point.......The people giving money to FTX might be in on the con.
Agree but the democrats will stop the extradition they want to keep the money for the elections.
Yep. The scuttlebutt is that he directed sums of crypto “currency” into the private crypto accounts of certain Democrats, over and above the millions that went into Democrat campaign coffers.
Meet Caroline Ellison, Sam Bankman-Fried's rumored ex-girlfriend......AKA the odd couple.
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