Sam Bankman-Fried arrives in US to face charges

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Sam Bankman-Fried, former boss of failed cryptocurrency exchange FTX, has arrived by plane in New York from the Bahamas to face fraud charges.

The 30-year-old was extradited on suspicion of committing “one of the biggest financial frauds in US history”, US authorities have said.

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

Two of his former associates have pleaded guilty to related charges.

FTX co-founder Gary Wang and Caroline Ellison, former head of cryptocurrency trading firm Alameda Research, were both charged with “roles in the frauds that contributed to FTX’s collapse”, Damian Williams, attorney for the Southern District of New York, announced.

They are both now co-operating with the Southern District of New York, he said in a video as court documents were released.


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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!