Samuel Bankman-Fried is in US custody and will appear in court as former FTX executives Caroline Ellison and Gary Wang plead guilty to fraud charges.
RELATED: FTX is facing a class action lawsuit. What we know about the company.
Sam Bankman-Fried, founder of the failed cryptocurrency exchange FTX, was extradited to the U.S. late Wednesday to face federal fraud charges related to the misappropriation of billions of dollars of customer funds, U.S. and Bahamian officials said.
The 30-year-old one-time mogul had been held in the Bahamas following his arrest earlier this month, but abruptly dropped a challenge to be transferred to the custody of U.S. authorities where he is to face prosecution in New York. Bankman-Fried was in FBI custody Wednesday night and is scheduled to appear in Manhattan federal court for arraignment "as soon as possible," Damian Williams, the U.S. Attorney for the Southern District of New York, said in a Twitter post.
Two former business associates of Bankman-Fried, Caroline Ellison and Gary Wang, have pleaded guilty to federal charges and agreed to cooperate with prosecutors investigating the alleged fraud scheme, Williams said. He did not specify the allegations.
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Wow, that’s unlikely for anyone to plead guilty, no matter what the case is.
Federal prosecutors almost never lose. So at this level it’s actually very common to take any plea deal they offer.
Do you know how we know that you live under a rock….
@Blackrocks Do you know most people plead “not guilty” to go to jury trial unless they get a plea deal to plead “guilty”?
@He Who Watches The Watcher Lol not when it’s against the Feds…
I tried to tell people that something was not right with. FTX
Can’t spell *Crypto* without *Cry*
Especially if you don’t use a cold wallet for storing your crypto. Apparently loads of people just leave their assets on an exchange and assume they won’t lose out to hackers and corrupt business. leaders.
SAMUEL
Fried like Madoff. ?
Will the politicians return the money?
Yep, we are already too late for those coins but luckily we have some options left like Marshmello Finance MARSH3
SBF going to prison is just another form of the polyamorous lifestyle was involved in the Bahamas.
Why didn’t he fake his death in India. The precedent exists in Canada.
carloine ellison interests me ..after all she is the one that technically gambled it all away so its not surprising that shes now talking to save her skin and wang did the coding so that the money could be siphoned off, poor old sam was just playing leauge of legends all day and getting stoned.
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I read about her too on website . That is how I get connected to her. Thanks for putting this down here
This is very impressive , meeting Ruby Benally has been a blessing , I never thought I would make so much profits in such a considerably brief period of time.
This sound so good and I would like to be a party to this, I have been loosing a lot of money trying to trad on my own, how can I speak with her
I got to know her in California, she’s very professional and has your best interest at heart
Thanks for enlightening everyone with your own experience , I have learnt not to panic in what ever way crypto goes up or down.
I’m shocked the Congress hasn’t hushed up this FTX stuff already.
Bla bla bla! SBF will commit “suicide” and the case is dead. Look at him speaking with authority like he has real power 😅😅😅 Clown show 😅
this guy is doing a amazing job .. i hope sam has some real dirt on politicians that he paid off in bribese to reduce his jail sentence…. it might get really interesting.
Maxine and the DNC bailed out Sam their little donor.
A billionaire getting bail!! big surprise!! gotta love american law!! If your rich your never guilty!!
Nice democratic justice system!! lol I mean why wouldnt you give him bail! He is so trust worthy!
They all should be in prison.. Dad. Mom.. and Sam!!
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Prison atleast 100 years