Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request

Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his determination to contention his extradition to the United States. Bankman-Fried has spent adjacent to 5 days successful the Bahamas Department of Correctional Services (BDOCS) jailhouse Fox Hill, an overcrowded situation known for being filthy and 1 that has been accused of situation maltreatment.

Reuters Source Says SBF Won’t Fight U.S. Extradition Request connected Monday

On Dec. 17, 2022, Reuters reported that “a idiosyncratic acquainted with the substance said connected Saturday” that Sam Bankman-Fried (SBF) plans to beryllium much accepting of being extradited to the United States. The root noted that SBF volition “reverse his determination to contention extradition” erstwhile helium appears successful tribunal connected Monday. The erstwhile FTX CEO was expected to stay astatine Fox Hill until Feb. 8, 2023, aft justice Ferguson-Pratt denied SBF’s petition to beryllium released connected bail.

The quality concerning SBF follows the stories that noted the erstwhile FTX enforcement was residing successful Fox Hill’s sick bay dormitory benignant with 5 different inmates. The acting commissioner of The Bahamas Corrections, Doan Cleare, said that SBF was getting his meds and that helium was successful “good spirits.” Reports had shown that Fox Hill’s estimation for being cleanable and orderly is rather subpar, according to a myriad of quality rights reports.

Reuters further elaborate that SBF made a “new bail exertion earlier The Bahamas Supreme Court connected Thursday,” according to different root acquainted with the matter. SBF was arrested connected Dec. 12, 2022, and helium was charged with a fig of fiscal fraud and conspiracy charges by the Southern District of New York (SDNY) authoritative Damian Williams. SBF is besides being sued by the Commodity Futures Trading Commission (CFTC) and helium was charged by the U.S. Securities and Exchange Commission (SEC) for fraud arsenic well.

The Bahamas lawyer general, Ryan Pinder, told the press aft SBF was arrested that the state was cooperating with the U.S. and that SBF would apt beryllium extradited. SBF’s parents are reportedly staying successful the Bahamas, and they person allegedly tried to get their lad vegan foods. The time SBF’s parents attended the archetypal proceeding a study claimed SBF’s parent allegedly laughed retired large each clip her lad was called a “fugitive.” If SBF is to beryllium extradited, there’s a bully accidental helium could spell to a situation located successful New York and would apt beryllium kept successful PC (protective custody).

Meanwhile, nary different FTX executives person been charged and the satellite is wondering wherever FTX co-founder Gary Wang is located oregon the ex-Alameda Research CEO Caroline Ellison. Two days ago, it was discovered that FTX co-CEO Ryan Salame reportedly snitched connected SBF a mates of days earlier the institution filed for bankruptcy protection. The unsealed indictment lone names Sam Bankman-Fried and his nickname SBF, portion it besides mentions others known and chartless who knowingly devised a strategy to defraud people.

What bash you deliberation astir the study that says the FTX co-founder SBF doesn’t program to contention extradition to the U.S.? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.