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Monday, February 26, 2024
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FBI is planning to EXTRADITE Sam Bankman-Fried from Bahamas – as crypto contagion from FTX collapse spreads to $20BN BlockFi that is preparing for bankruptcy

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American and Bahamian authorities are discussing the possibility of bringing FTX founder Sam Bankman-Fried to the United States for questioning, Bloomberg News reported on Tuesday, citing three people familiar with the matter, Your Content has learned.

Sam Bankman-Fried, 30, may be brought back to the States by authorities.

Bankman-Fried was worth an estimated $16 billion before the crisis but his fortune is down 94%.

For some, the events are reminiscent of the failures of Wall Street firms during the 2008 financial crisis.

FTX filed for bankruptcy protection Friday and some crypto firms might follow.

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BlockFi, which halted withdrawals, is now considering bankruptcy too,‘according to DailyMail.

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