Sam Bankman-Fried Agrees To Be Extradited To U.S.

According to Reuters, citing his attorneys, Sam Bankman-Fried, the former CEO of FTX, made the decision on Monday to consent to his extradition to the United States to face fraud charges.

The news came a few hours after one of Bankman-Fried’s lawyers requested to examine the American indictment before agreeing to be extradited to the Bahamas at a hearing there. Later, New York Times reported that Bankman-Fried had willingly agreed to the extradition against “the strongest possible legal advice,” according to local defense attorney Jerone Roberts.

We as counsel will prepare the necessary documents to trigger the court, Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision.

Mr. Roberts said

According to Reuters, Bankman-Fried left the Monday hearing in Nassau in a black vehicle labeled “Corrections” and indicated that the former of FTX could return to court this week.

A month after the cryptocurrency exchange he founded sought bankruptcy protection, U.S. authorities last week charged Bankman-Fried. In the indictment, Bankman-Fried was charged with conspiracy to commit wire fraud on customers, conspiracy to commit wire fraud on lenders, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the United States and violate campaign finance laws.

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