Coinspeaker
Disgraced FTX Founder Agrees for US Extradition
On Monday, December 19, Sam Bankman-Fried – the disgraced founder of crypto exchange FTX – was sent back to the Bahamas jail after a chaotic courtroom scene. As per multiple reports, the former FTX CEO has agreed to the extradition to the US to face charges.
Over the last weekend, the first reports suggested that SBF would consent to the US extradition. However, on Monday, the crypto billionaire told a different story while asking to see a copy of his federal indictment before agreeing to the extradition. For now, SBF has returned to the Fox Hill jail in The Bahamas instead of surrendering himself to US custody.
The legal team representing SBF said that they plan to prepare documents and would make him reappear before the Bahamas Magistrate Court ahead of this week. Last week, SBF’s legal team signaled that they would fight the extradition. But on Monday, they reported that SBF has changed his mind and has decided to sub
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