FTX boss Sam Bankman-Fried agrees to be extradited

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FTX boss Sam Bankman-Fried agrees to be extradited
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The cryptocurrency exchange boss is expected to travel to the US to face fraud charges, the BBC understands.

Last week, Damian Williams, the US Attorney for the Southern District of New York, said Mr Bankman-Fried was accused one of the largest frauds in US history.

The Securities and Exchange Commission said the man who was formerly nicknamed the "King Of Crypto" had built a "house of cards on a foundation of deception". Mr Bankman-Fried has also denied allegations he must have been aware that Alameda Research was using FTX customer funds.Cryptocurrencies are not traditional currencies, but are stored online and act more like investment vehicles or securities - often with a high degree of volatility.

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