- The US is “possible” to ask for Sam Bankman-Fried be extradited to the US, the Bahamas attorney basic stated.
- The legal professional basic indicated the Bahamas meant to extradite Bankman-Fried if requested.
- The disgraced crypto founder was arrested in the Bahamas on Monday, in accordance to US authorities.
US authorities are “possible” to request the extradition of Sam Bankman-Fried, the Bahamas legal professional standard, Sen. Ryan Pinder KC, reported in a statement shared on line on Monday, soon just after the FTX cofounder’s arrest.
The disgraced crypto founder was arrested in the Bahamas on Monday based on a “sealed indictment” from US authorities, the US Attorney’s Business office Southern District of New York said on social media. Bankman-Fried is also experiencing independent charges from the US Securities and Exchange Fee.
The Bahamas lawyer standard stated in the statement that the US experienced submitted prison prices against Bankman-Fried and was “possible to ask for his extradition.”
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Pinder indicated the Bahamas supposed to extradite the FTX cofounder if asked for, for every the statement.
“At these types of time as a official ask for for extradition is manufactured. The Bahamas intends to process it instantly, pursuant to Bahamian legislation and its treaty obligations with the United States,” Pinder claimed.
The US governing administration has an extradition treaty with the Bahamas that will allow for the extradition of defendants for rates that would be considered a crime in the two countries and could outcome in a jail sentence of extended than a 12 months.
Bankman-Fried’s arrest arrives just after the crypto trade platform, FTX, and its affiliate marketers collapsed in mid-November.
Bankman-Fried is going through allegations that he misused FTX customer money to prop up Alameda Research, another organization he owned, resulting in billions of bucks in losses.
Representatives for the Bahamas legal professional typical office did not straight away answer to Insider’s ask for for remark built outdoors normal performing hours.
