Sam Bankman-Fried has signed extradition papers

Sam Bankman-Fried, laminitis and erstwhile CEO of FTX, has signed extradition papers, according to a report from Reuters connected Dec. 20.

The quality work obtained a connection from Doan Cleare, Acting Commissioner of Corrections astatine Fox Hill Prison, indicating that Bankman-Fried had agreed to extradition. Cleare said that Bankman-Fried signed the documents astir noon today.

Early reports suggested that Bankman-Fried and his ineligible squad would combat against extradition to the U.S. However, reports yesterday suggested that Bankman-Fried had changed his stance and would cooperate with the extradition order.

Bankman-Fried has been held successful the aesculapian portion of Fox Hill Prison, the Bahamas’ lone jail, since his apprehension connected Dec. 12. The speech laminitis has attended galore hearings successful the Bahamas since then. His adjacent proceeding is scheduled for Wednesday, Dec. 21, astatine 11 a.m EST. It is inactive unclear erstwhile helium whitethorn beryllium sent to the United States.

If Bankman-Fried returns to the U.S., helium volition look eight transgression charges, including fraud and wealth laundering. He volition apt petition bail upon arriving successful the U.S. If bail is denied, helium volition apt beryllium held successful New York’s Metropolitan Detention Center, Brooklyn.

It has present been much than 5 weeks since the illness of FTX, and the institution remains locked successful bankruptcy proceedings. Today, FTX’s replacement absorption squad revealed that it had located much than $1 cardinal of assets, including $720 cardinal successful cash.

The absorption squad volition determination those funds from FTX’s accounts to authorized depository institutions arsenic portion of the ongoing bankruptcy proceedings.

The station Sam Bankman-Fried has signed extradition papers appeared archetypal connected CryptoSlate.