FTX’s Sam Bankman-Fried Extradited to US on Fraud Charges.

The former boss of failed cryptocurrency exchange FTX, Sam Bankman-Fried is aboard a plane flying from the Bahamas to the United State US where he faces fraud charges.

The 30-year-old is being extradited on suspicion of committing one of the biggest financial frauds in US history.

Bankman-Fried, who denies the allegations, may have his first court appearance this morning after FTX filed for bankruptcy, leaving many people unable to withdraw funds.

FTX owed its 50 largest creditors almost 3.1 billion dollars and among the most serious allegations against Bankman-Fried is that he used billions of dollars of customer funds to prop up his investment trading company Alameda.