Sam Bankman-Fried, the CEO of FTX, comes in the US to face accusations.

The former CEO of the collapsed cryptocurrency exchange FTX, Sam Bankman-Fried, took a flight from the Bahamas to New York to face fraud-related charges.

Sam Bankman-Fried, the CEO of FTX, comes in the US to face accusations.
Sam Bankman-Fried, the CEO of FTX, comes in the US to face accusations.

 

The 30-year-old was extradited on accusations of committing “one of the worst financial scams in US history,” according to US investigators.

Mr. Bankman-Fried, who denies the claims, could appear in court later on Thursday morning.

Two of his former coworkers have acknowledged their guilt in crimes connected to them.

 

According to Damian Williams, the Southern District of New York’s attorney, Caroline Ellison, a former CEO of the cryptocurrency trading firm Alameda Research, and Gary Wang, a co-founder of FTX, have both been charged with “roles in the schemes that led to FTX’s bankruptcy.”

They are both actively cooperating with the Southern District of New York, he claimed in a video.

The lawyer for Mr. Wang claimed that his client had accepted responsibility for his actions and had taken his role as a cooperating witness very seriously.

Related Posts

Debt Relief Lawyer: Your Path to Financial Freedom

Are you struggling with overwhelming debt and unsure of your options? A debt relief lawyer can provide you with the expert guidance and representation you need to navigate the complex…

Read more

Continue reading
Aviation Products Liability Insurance: Protecting Manufacturers

Aviation products liability insurance is a specialised type of insurance designed to protect manufacturers of aviation products from liability claims arising from defects or malfunctions in their products. This insurance…

Read more

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Ghana’s Creative Industry Takes a Step Forward: President Mahama Attends Black Star Experience Launch

  • By djfly
  • July 12, 2025
  • 9 views
Ghana’s Creative Industry Takes a Step Forward: President Mahama Attends Black Star Experience Launch

Accra Mayor Confronts Police Officer Over Alleged Extortion

  • By djfly
  • July 8, 2025
  • 171 views
Accra Mayor Confronts Police Officer Over Alleged Extortion

Larry Ellison Vaults His Way to Second-Richest Person on Earth

  • By djfly
  • July 5, 2025
  • 24 views
Larry Ellison Vaults His Way to Second-Richest Person on Earth

Debt Relief Lawyer: Your Path to Financial Freedom

  • By Gossip
  • July 2, 2025
  • 6 views
Debt Relief Lawyer: Your Path to Financial Freedom

NPP’s Paul Yandoh Raises Concerns Over Chairman Wontumi’s Health and Treatment

  • By djfly
  • June 30, 2025
  • 11 views
NPP’s Paul Yandoh Raises Concerns Over Chairman Wontumi’s Health and Treatment

ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections

  • By djfly
  • June 19, 2025
  • 39 views
ECG Raids Katakyie Afrifa’s Residence Over Alleged Illegal Electricity Connections