FTX founder Bankman-Fried in Bahamas court, extradition looms

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FTX founder Bankman-Fried in Bahamas court, extradition looms
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Sam Bankman-Fried left a Bahamas correctional facility and arrived in court on Wednesday morning, a source said, a day after the founder of the FTX cryptocurrency exchange signed papers paving the way for his extradition to the United States, where he faces fraud charges.

Bankman-Fried has acknowledged risk-management failures at FTX, but has said he does not believe he has criminal liability.

On Monday, following the news reports he had agreed to be extradited, Bankman-Fried arrived at the courthouse in a black van marked "Corrections" wearing a blue suit jacket and white shirt - a contrast to the casual attire he was known for while running FTX. The proceedings were then adjourned. They had been expected to resume on Tuesday morning, but Bankman-Fried's legal papers were not ready in time.

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