FTX co-founder Sam Bankman-Fried is planning to consent to extradition to the U.S. to face felony costs associated to the cryptocurrency trade’s collapse, individuals accustomed to the matter stated.

Bankman-Fried has been in custody within the Bahamas since he was arrested on Monday in reference to a slate of U.S. felony costs, which have been unsealed a day later. Federal prosecutors in Manhattan have charged Bankman-Fried with fraud and money-laundering offenses, alleging he defrauded clients, lenders and traders. They additionally alleged he violated campaign-finance guidelines by making unlawful political contributions.


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