Sam Bankman-Fried, the former boss of the bankrupt cryptocurrency exchange FTX, has agreed to be extradited from the Bahamas to the US to face charges.
US authorities have accused Mr. Bankman-Fried of committing “one of the biggest financial frauds in US history”.
FTX has filed for bankruptcy, leaving many people unable to withdraw funds.
The 30-year-old, who denies the allegations, has agreed to the extradition, according to an affidavit his defense lawyer read in court.
The affidavit, signed by Mr. Bankman-Fried on 20 December, says he is agreeing to be extradited partly out of a “desire to make the relevant customers whole” – in other words, to try to help people get back some of their money.
According to a court filing, FTX owed its 50 largest creditors a total of almost $3.1bn (£2.5bn).
Mr. Bankman-Fried was arrested on 12 December and the date of his extradition is unclear.
Source – BBC
