Tuesday 20 December 2022

FTX crypto exchange founder agrees to extradition to US, says attorney

Sam Bankman-Fried may be ready to come to the US to face criminal charges related to the collapse of cryptocurrency exchange FTX following a chaotic court appearance in the Bahamas. A lawyer for Bankman-Fried was quoted as saying Monday the disgraced FTX founder has agreed to be extradited to the United States. A court hearing was stopped earlier in the day when his attorneys said it was premature for him to stand before the court. Jerone Roberts, a local defense attorney for Bankman-Fried, told The New York Times that lawyers will prepare the necessary documents for extradition. Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision, the Times quoted Roberts telling reporters. It was not immediately clear when extradition could occur. The court appearance came just a week after Bankman-Fried's lawyers had initially said that they planned to fight extradition. An extradition hearing had been scheduled for Feb. 8. The reversal could speed up th

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Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

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