FTX founder Sam Bankman-Fried needs to be handed over to US authorities as we speak, Dec. 21, as experiences surfaced that he has agreed to the extradition. In keeping with an affidavit, the previous CEO of FTX consented to be extradited partly within the curiosity of constructing his clients entire.
Jerone Roberts, SBF’s lawyer, requested instant extradition which has been granted in response to Bloomberg. He’ll return to the U.S. “accompanied by FBI brokers on a non-commercial plane.” A video of SBF arriving on the courthouse within the Bahamas accompanied by FBI officers was additionally launched by Bloomberg.
An individual conversant in the matter instructed Reuters that FBI and US Marshals Service officers arrived in Nassau this morning. SBF waived his proper to “formal extradition” proceedings in accordance to CNN whereas additionally stating that he’s unclear as to his official handle presently. SBF reportedly has hopes that he could also be granted bail as soon as again on U.S. soil
In a latest video from CoinBureau, it was estimated that SBF may very well be over 100 years in jail if convicted on all eight expenses filed by the Southern District of New York.
The Bahamas authorities arrested Bankman Fried on Dec. 12 on eight expenses, together with wire fraud, wire fraud conspiracy, securities fraud, and securities fraud conspiracy. The FTX founder additionally faces expenses from america Division of Justice, the Securities and Change Fee (SEC), and the Commodity Futures Buying and selling Fee (CFTC).
The publish SBF to return to U.S. instantly in hopes of securing bail appeared first on CryptoSlate.
