Sam Bankman-Fried, the jailed founding father of the FTX cryptocurrency trade has reportedly signed papers on Dec. 20 waiving his extradition listening to within the Bahamasand see him flown to the US to face a number of felony costs.
A listening to within the Bahamas Supreme Courtroom was set for Dec. 21 concerning the matter. Bankman-Fried reportedly wished to see the indictment in opposition to him earlier than he agreed to extradition to the U.S. and was anticipated to drop his extradition battle in response to stories on Dec. 19.
ABC Information first reported the event on Dec. 20 citing the Bahamas performing commissioner of corrections Doan Cleare.
Cointelegraph contacted the performing commissioner’s workplace for affirmation however didn’t instantly obtain a response.
With the papers signed, Bankman-Fried ought to be permitted to transit to New York the place he faces eight counts in an indictment from the U.S. Legal professional for the Southern District of New York.
He faces costs from the Division of Justice regarding wire fraud, conspiracy to commit cash laundering, conspiracy to commit wire, commodities and securities fraud, and marketing campaign finance violations.
The FTX founder faces additional costs regarding commodity legislation violations and defrauding buyers from the Commodity Futures Buying and selling Fee (CFTC) and the Securities and Alternate Fee (SEC) respectively.
The fees carry a most sentence of 115 years in jail if convicted of all counts.
Not in hospital
In the meantime, a Dec. 20 Instagram submit from native media outlet Bahamas Press claiming Bankman-Fried was “rushed” to hospital from jail had made the rounds on social media, however was later debunked.
Associated: SBF’s authorized battle nonetheless has “rather a lot to play out,” in response to authorized commentators
New York Occasions monetary reporter Rob Copeland tweeted quickly after that he spoke to the pinnacle of the jail who mentioned the trade founder was consuming lunch within the medical bay and that the rumor was false.
There are stories that @SBF_FTX was rushed from his Bahamian jail to the hospital.
These are false, the pinnacle of the jail tells me. As a couple of moments in the past, Sam was consuming lunch. He’s nonetheless there within the medical bay the place he has been held in a single room with 4 roommates.
— Rob Copeland (@realrobcopeland) December 20, 2022
Quickly after, Bahamas Press posted an replace saying its sources had been now reporting the declare was unfaithful.
