Cryptocurrencies: extradited, the founder of FTX, Sam Bankman-Fried, is in New York where he must be tried
The founder and former boss of the FTX cryptocurrency exchange platform Sam Bankman-Fried arrived in New York on December 21, where he is to appear before a judge.
REUTERS - DANTE CARRER
Text by: RFI Follow
2 mins
Sam Bankman-Fried, the fallen founder of FTX, the cryptocurrency trading platform, arrived in New York on Wednesday, December 21.
He had given his agreement the day before to be extradited from the Bahamas where he was imprisoned.
Indicted for massive fraud, among other charges, he must appear before a judge in federal court in Manhattan, then placed in detention in New York, according to the American press.
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No less than eight counts weigh on
Sam Bankman-Fried
, including those of massive fraud, money laundering and violation of the laws on the financing of electoral campaigns.
The ex-king of crypto faces 115 years in prison.
He is accused of embezzling the funds deposited by his clients on FTX, nearly $ 2 billion since the creation of
the cryptocurrency exchange platform
in 2019, according to the SEC (the Security Exchange Commission), the financial policeman in the USA.
“SBF”, his nickname, “
will be taken directly to the Southern District of (the State of) New York
”, a jurisdiction which includes Manhattan, after his arrival, “
and he will be presented to a judge as soon as possible
”, had announced earlier Manhattan federal prosecutor Damian Williams in a video posted to Twitter.
Donations to Joe Biden
With this money, he would have carried out risky transactions through another company of his property, Alameda.
He would have invested in real estate in the Bahamas and donated money to Democratic politicians, including Joe Biden.
Two former key collaborators in the case are also in the sights of American justice.
They are Caroline Ellison, former boss of the Alameda company, and Gary Wang, co-founder of FTX.
With these arrests, the SEC obviously wants to put Sam Bakman-Fried and his acolytes before their responsibilities.
She also hopes, more broadly, to finally bring the world of cryptos into the shackles of taxation and regulations.
► Also to listen: Will the FTX scandal speed up the regulation of cryptocurrencies?
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