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Market News Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse

Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse

FTX founder Sam Bankman-Fried may be extradited to the United States for questioning, according to reports from three persons with knowledge of the situation, according to Bloomberg News on Tuesday.

Cory Russell

2022-11-16

266

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FTX founder Sam Bankman-Fried may be extradited to the United States for questioning, according to reports from three persons with knowledge of the situation, according to Bloomberg News on Tuesday.

After describing a "serious liquidity situation," SBF's defunct cryptocurrency exchange FTX, which filed for bankruptcy in the US last week, stoked concerns about the future of the industry.

Since that time, authorities have started looking into the business, and lawmakers have demanded more precise regulations.

A number of cryptocurrency companies have also been preparing for the effects of the FTX collapse, with some of them estimating their exposure to the troubled exchange to be in the millions.

The Manhattan U.S. Attorney's office's representative declined to comment on the situation. A Reuters inquiry for comment received no immediate response from FTX.