Sam Bankman-Fried to Drop Fight Against US Extradition
- Jailed FTX co-founder had planned to fight extradition
- US prosecutors have accused him of fraud and other crimes
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Sam Bankman-Fried plans to drop his fight against extradition to the US to face a range of criminal charges, according to people familiar with the matter.
The disgraced co-founder of crypto exchange FTX has been locked up in the Bahamas since last Monday when he was arrested at the request of American authorities. US prosecutors have accused him of a range of crimes including wire fraud.