“One wonders if the government delayed the timing of the release about these people being cooperators until after he had decided to waive extradition,” said former prosecutor Harry Sandick, a partner at Patterson Belknap Webb & Tyler.
December 22, 2022 at 04:54 PM
4 minute read
The news that two top associates of former FTX CEO Sam Bankman-Fried are cooperating with federal prosecutors is a further signal of the strength of the government’s case against the former cryptocurrency mogul, white-collar experts said Thursday.
Bankman-Fried appeared in Manhattan federal court Thursday and was released on a $250 million bond hours after arriving from the Bahamas, where he was arrested at the request of U.S. officials.
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Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, departs from court in New York, on Dec. 22, 2022. Photo: Stephanie Keith/Bloomberg
