SBF Signed Extradition To The US
- SBF signed the extradition agreement to the US
- Former FTX CEO will face 115 years in prison for 8 counts
- It seems that he is intending to bail in the US
The former CEO of FTX SBF has signed an extradition document in the Bahamas and will be handed over to New York to face charges. He will appear in court again on Wednesday. US federal prosecutors have filed eight charges SBF, and if suffered on all counts, he could be against decades in prison.
According to ABC News, the former CEO of FTX SBF has signed an extradition document in the Bahamas and will be handed over to New York to face prosecution following the collapse of a company once valued at $ 32 billion. He will appear in court again on Wednesday.
The move was expected, as Bankman-Fried is said to have agreed in principle on December 19 to be extradited to the US, despite earlier reports suggesting that he wanted to see the indictment against him first.
After the final paperwork is signed, Bankman-Fried is expected to be taken to a private airport by FBI agents and transited to the US on a private flight, where he faces eight charges in the indictment of the United States Attorney for the Southern District of New York.
As updated in an earlier Coincu News article on December 20, Sam Bankman-Fried’s legal team is currently in discussions with federal prosecutors to allow him to be released on bail when extradited to the US.
The agreement would require approval from the federal judge overseeing the SBF’s case and could include “highly restrictive conditions” such as home confinement and electronic surveillance, according to people with knowledge of the matter.
The charges carry a maximum sentence of 115 years in prison if convicted on all counts.
We have now received further information from the NYT indicating that Sam Bankman-Fried is in discussions about being released on bail upon arrival in the United States.
The story is still ongoing so follow us for the latest updates.
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