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HomeGuidesSam Bankman-Fried Challenges Extradition Ruling in U.Ok. Court docket

Sam Bankman-Fried Challenges Extradition Ruling in U.Ok. Court docket

Sam Bankman-Fried, the CEO of cryptocurrency change FTX, is reportedly looking for to reverse a choice to extradite him to the US. The U.Ok. courts had beforehand dominated that Bankman-Fried ought to be extradited to face costs of cash laundering and wire fraud.

Nevertheless, Bankman-Fried has now filed an enchantment in opposition to the choice within the Excessive Court docket of Justice in London. In keeping with his authorized workforce, the extradition request is “politically motivated” and the fees in opposition to him are “unjust and oppressive.”

Background on the Case

Bankman-Fried, who’s a twin U.S.-U.Ok. citizen, was arrested within the U.Ok. in January 2021 on an extradition warrant issued by the U.S. Division of Justice (DOJ). The DOJ alleges that Bankman-Fried and his firm, FTX, have been concerned in a scheme to launder tens of millions of {dollars} by cryptocurrency transactions.

The U.S. authorities declare that Bankman-Fried and FTX processed transactions on behalf of drug traffickers and different felony organizations, and that they didn’t implement correct anti-money laundering controls.

Bankman-Fried has denied any wrongdoing and has maintained his innocence all through the authorized proceedings. His authorized workforce has argued that the fees in opposition to him are baseless and that the extradition request is an try and silence him and his firm.

Attraction Course of

In keeping with stories, Bankman-Fried’s enchantment shall be heard by a panel of three judges within the Excessive Court docket of Justice. The judges will think about the arguments made by Bankman-Fried’s authorized workforce and can determine whether or not or to not overturn the earlier ruling on his extradition.

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If the enchantment is profitable, Bankman-Fried won’t be extradited to the U.S. to face costs. If the enchantment is unsuccessful, he may very well be compelled to return to the U.S. to face trial.

It’s not clear right now when the enchantment listening to will happen or how lengthy it’s going to take for a choice to be reached.

Sam Bankman-Fried, the CEO of FTX, is reportedly looking for to reverse a choice to extradite him to the US on costs of cash laundering and wire fraud. Bankman-Fried has filed an enchantment within the Excessive Court docket of Justice in London, claiming that the fees in opposition to him are “unjust and oppressive” and that the extradition request is “politically motivated.” The enchantment shall be heard by a panel of judges, who will determine whether or not or to not overturn the earlier ruling on his extradition.

DISCLAIMER: The data supplied by WebsCrypto doesn’t signify any funding suggestion. The articles printed on this website solely signify private opinions and don’t have anything to do with the official place of WebsCrypto.

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