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Sam Bankman-Fried arrives in the United States to face his accusers

12/22/2022 at 11:17 am

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The former boss and director of FTX has arrived in the United States to stand trial for the crimes he is accused of

According to the US authorities, he has perpetrated one of the biggest frauds in the history of the United States.

Sam Bankman-Fried, former head of collapsed crypto platform FTX, flies to New York to the Bahamas to face fraud charges against him. The 30-year-old was extradited on suspicion of perpetrating “one of the largest financial frauds in the history of the United States”, US authorities announced a few days ago.

Bankman-Fried, who denies the allegations, is expected to appear in court later Thursday morning., Two of his former aides have pleaded guilty to related charges. FTX co-founder Gary Wang and former head of cryptocurrency trading firm Alameda Research Caroline Ellison have been accused of “participating in the fraud that contributed to the collapse of FTX,” said Damian Williams, an attorney for the Southern District of New York. , announced. ,

Bankman-Fried seeks bail from US court while trials are ongoing, However, and as the judicial authorities have rightly pointed out, the escape risk was high, which is why he has been kept in custody until now. The trial is expected soon where Bankman will end up with harsh prison terms.

Nation World News Desk
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