Bankman-Fried’s Arrest in Bahamas Sets Up US Extradition Fight

  • FTX founder indicated Tuesday he would fight extradition to US
  • US attorney says case among ‘biggest financial frauds’ ever
WATCH: Sam Bankman-Fried was denied bail by a judge in the Bahamas. A defense lawyer said Bankman-Fried planned to fight being sent to the US. Source: Bloomberg
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At his press conference on charges against Bahamas-based FTX founder Sam Bankman-Fried, Manhattan US Attorney Damian Williams said the case shows “you can commit fraud in shorts and t-shirts in the sun.”

But Williams didn’t address how US authorities plan to get Bankman-Fried back from his tropical locale to face the eight-count indictment unsealed against him Tuesday in New York federal court.