US reportedly considering Bankman-Fried's extradition for questioning
Authorities in both countries are said to be discussing whether to bring the former FTX CEO back to the United States.
In the aftermath of the liquidity crisis and the collapse of the FTX stock exchange, US and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankamn-Fried, the company's former CEO, to the United States for questioning.
According to a Bloomberg report citing people familiar with the matter, conversations among local law enforcement officials, including the FBI, have intensified in recent days as they investigate Bankman's role- Fried in the fall of the exchange
Since the incident, former FTX CEO, co-founder Gary Wang and engineering director Nishad Singh have been known to be in the Bahamas, where they are "under surveillance" by local authorities.< /p>
Initially, rumors surfaced that Bankman-Fried was potentially looking to flee to Dubai. However, due to an agreement between the US and the UAE, US-based fugitives who attempt to resettle in Dubai have a high chance of being detained and returned.
Currently, it is known that Bahamian securities regulators and financial investigators have opened an investigation into the situation surrounding FTX's downfall for criminal misconduct. Turkish financial authorities have also launched an investigation into the exchange.
FTX filed for bankruptcy on November 11, and on the same day, Bankman-Fried resigned as CEO of the company, which was filled by restructuring executive John Jay Ray III. The final filings of the bankruptcy case revealed that
Authorities in both countries are said to be discussing whether to bring the former FTX CEO back to the United States.
In the aftermath of the liquidity crisis and the collapse of the FTX stock exchange, US and Bahamian authorities are reportedly discussing the possibility of extraditing Sam Bankamn-Fried, the company's former CEO, to the United States for questioning.
According to a Bloomberg report citing people familiar with the matter, conversations among local law enforcement officials, including the FBI, have intensified in recent days as they investigate Bankman's role- Fried in the fall of the exchange
Since the incident, former FTX CEO, co-founder Gary Wang and engineering director Nishad Singh have been known to be in the Bahamas, where they are "under surveillance" by local authorities.< /p>
Initially, rumors surfaced that Bankman-Fried was potentially looking to flee to Dubai. However, due to an agreement between the US and the UAE, US-based fugitives who attempt to resettle in Dubai have a high chance of being detained and returned.
Currently, it is known that Bahamian securities regulators and financial investigators have opened an investigation into the situation surrounding FTX's downfall for criminal misconduct. Turkish financial authorities have also launched an investigation into the exchange.
FTX filed for bankruptcy on November 11, and on the same day, Bankman-Fried resigned as CEO of the company, which was filled by restructuring executive John Jay Ray III. The final filings of the bankruptcy case revealed that
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