Cryptocurrency

Sam Bankman-Fried agrees extradition to US after chaotic court hearing

The FTX founder has agreed to be extradited, with lawyers drafting documents, according to a person familiar with the matter

FTX founder Sam Bankman-Fried inched closer to being transferred into US custody to face criminal charges related to the cryptocurrency exchange’s collapse, after a chaotic court hearing here 19 December in which his local lawyer appeared at odds with his US legal team.

Bankman-Fried has agreed to be extradited, according to a person familiar with the matter, and plans were being fleshed out by his legal team after the day’s court proceedings. Bankman-Fried’s lawyers hope to have a new hearing on the matter as early as 20 December, the person said.

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