FTX: Sam Bankman-Fried, facing extradition to the United States for trial!

After it was alleged that SBF transferred $10 billion in client funds to Alameda Research, the company’s financials show that between $1 billion and $2 billion went missing.

Reports indicate that Sam FTX Bankman-Fried is facing extradition to the United States for questioning.

It has been two weeks since FTX collapsed and 11 days since the company filed for Chapter 11 bankruptcy protection. Now, according to a few reports, officials in the U.S. and the Bahamas are talking about extraditing SBF to the U.S. for questioning about its role in the company’s collapse. Fox Business confirmed the alleged discussions Wednesday and Bloomberg cited three sources who said the extradition conversations were legitimate.

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U.S. and Bahamian authorities have discussed bringing Sam Bankman-Fried to the United States for questioning, according to three people familiar with the matter” wrote Katanga Johnson, Lydia Beyoud and Annie Massa, Bloomberg contributors.

4 former FTX and Alameda executives and their families denied bankruptcy benefits

According to court documents filed last weekend and Monday, FTX Group has a cash balance of about $1.24 billion, but the current list of creditors shows that FTX owes about $3.1 billion in assets. In addition, FTX’s new CEO, John Ray, explained how the beleaguered company plans to sell some of its subsidiaries. Ray noted that some of FTX’s licensed subsidiaries have “Solvent balance sheets, responsible management, and valuable franchises.“.

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In another court document, the bankrupt company noted that former FTX and Alameda executives SBF, Caroline Ellison, Gary Wang and Nishad Singh, will not receive any payments in the chapter 11 proceeding.”No amounts will be paid pursuant to the authorization sought by this motion to any of the following persons or to any person known to the Debtors to have a family relationship with Samuel Bankman-Fried, Gary Wang, Nishad Singh, or Caroline Ellison“, the document points out.

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