FTX CEO Sam Bankman-Fried Signs Bahamas Extradition Papers

Accused Cryptogrifter Sam Bankman-Fried It is one step closer to an American court on Tuesday after signing legal papers to begin the extradition process.

The 30-year-old ex-CEO of FTX, who has been charged with defrauding investors out of $1.8 billion on a cryptocurrency exchange, signed the papers around noon, said Doan Cleare, deputy commissioner for corrections in the Bahamas. rice field.

Bankman-Fried is scheduled to return to court Wednesday morning for a hearing that will begin the process of returning him to the United States.

In court last week, Bankman-Fried said he will oppose extradition to the United States While seeking bail from a Bahamian jail.

But a judge ruled he was a flight risk and remanded him to the island nation’s notoriously rat- and maggot-infested Fox Hill prison, where he’s been held since his December 12 arrest. I ordered

After the weekend’s apparent turnaround, Bankman-Fried Appears in Bahamian Court Monday to begin the extradition process — surprising his own local lawyers.

“Mr. Bankman-Fried wants to treat his customers right, and that’s what drove his decision,” Jerone Roberts, a lawyer from the Bahamas for the former CEO, told reporters Monday. told to

The attorney added that Bankman-Fried made the decision against “the strongest possible legal advice.”

If Bankman-Fried’s extradition proceeds, his case will be heard in federal court in the Southern District of New York.

with wire