- Sam Bankman-Fried is accepting extradition to the US, The New York Occasions claimed.
- The previous FTX CEO is getting held at the Fox Hill prison in the Bahamas, where by he was arrested.
- He is experiencing legal rates in New York, exactly where he would have to enter a plea once he comes.
Sam Bankman-Fried has consented to currently being extradited to the US, The New York Periods described on Monday, citing a law firm for the FTX founder.
Bankman-Fried, who experienced indicated to the Bahamas courtroom previous 7 days that he wished to retain the preference open up to battle extradition, appears to have reversed program right after a tumultuous 7 days in Bahamian custody. His law firm in the Bahamas, Jerone Roberts, stated that Bankman-Fried is now inclined to be extradited, in accordance to The New York Occasions.
A resource familiar with Bankman-Fried’s options verified to Insider that the previous crypto govt was open up to getting introduced back again to the US.
Due to the fact his arrest before this month, Bankman-Fried is becoming held in the Fox Hill prison there.
It is still unclear what Bankman-Fried’s future methods in advance of the Bahamas court will be, and when he would go away for the US. A listening to previously on Monday did not solve inquiries about his stance on extradition, just after information stores in the beginning reported that he would submit to the process to return house.
Federal prosecutors can carry prison rates in the US to extradite defendants residing overseas. Extraditions are governed by treaties amongst international locations that define the circumstances below which defendants can be introduced to the US.
A felony indictment unsealed in New York federal court docket final week unveiled that prosecutors billed Bankman-Fried with several counts of wire fraud and conspiracy.
