Former FTX CEO Sam Bankman-Fried, who is currently in custody by Bahamian authorities, has reportedly agreed to be extradited to the US to face charges.
According to a December 19 report by Reuters, Bankman-Fried’s legal team said: Said He was due to prepare the paperwork to reappear him in the Bahamas Magistrate’s Court this week. The former FTX CEO attended an emergency court hearing a few hours ago that didn’t look like a ruling or ruling, and he was back in jail after the incident.
Jerome Roberts of SBF’s legal team said, “Bankman-Fried wants to treat his customers the right way, and that’s what drove his decision.
Bankman-Fried reportedly wanted to see the indictment against him before agreeing to extradition to the United States. He has been indicted by the Department of Justice, the Commodity Futures Trading Commission, and the Securities and Exchange Commission in connection with defrauding investors and lenders, and campaign finance violations. If convicted, he could be considering his 115-year prison term.
Related: Legal commentator says SBF legal battle still has ‘a lot of work to do’
The former FTX CEO has been in custody in Bahamian authorities since local police arrested him on December 12 as part of extradition proceedings with the United States. At least he did before one congressional hearing.
