Sam Bankman-Fried Agrees to U.S Extradition to Face Charges

• Sam Bankman-Fried is now under  Bahamian authorities.
• FTX founder SBF wanted to see the indictment filed against him.

The former CEO of FTX, Sam Bankman-Fried’s defense lawyer Jerome Roberts announced on Monday afternoon that “SBF has accepted to voluntarily extradited to the United States”, where federal authorities have prosecuted him with eight charges of fraud and conspiracy. 

The 180-degree door was turned open by Bahamas officials for Sam Bankman-Fried, and he was arrested on 12th December 2022. For being accused of stealing billions from FTX clients to cover losses at his hedge fund Alameda Research before the FTX dramatically crashed in November 2022.

SBF Seeking for Charges Filed Against Him

According to a Reuters report, the FTX founder appeared at an emergency court session for barely an hour without any clear resolution or decision. Just hours after the SBF’s attorney informed a Bahamas judge he wasn’t ready to consent, Bankman-Fried decided to accept to be transferred to the US to face fraud charges. 

Further, SBF had seen a document detailing the charges against him, but he wanted to see the accusation that had been filed against him last week by the federal court in New York. 

Sam Bankman-Fried’s defense attorney Jerome Roberts stated that;

Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision.

However, Bankman-Fried’s legal team and his advocate intended to complete the necessary paperwork to have him appear before the Bahamas magistrate court this week. Moreover, it’s unclear when Bankman-Fried would leave the Bahamas, and a new hearing date was not scheduled.