FTX’s Bankman-Fried case will reconvene on Wednesday, extradition decision looms

FTX bankruptcy

Sam Bankman-Fried, the man behind FTX, will have another court appearance in the Bahamas on Wednesday even though his extradition to the US is still up in the air, according to a court official.

In connection with the bankruptcy of the cryptocurrency exchange, Bankman-Fried is accused of fraud in the United States.

Jerone Roberts, an attorney, declined to comment as he left court earlier on Tuesday.


Earlier, according to a Reuters witness, U.S. embassy representatives visited the Bahamas courts in Nassau, although Bankman-Fried was not present. Outside of court, a U.S. embassy vehicle that might convey the former billionaire was spotted, but it also left.

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Bankman-Fried was accused by federal authorities in New York last week of using stolen FTX client cash to cover losses at his hedge fund, Alameda Research, according to a source with knowledge of his plans, who earlier told Reuters that he had decided not to challenge his extradition.

FTX’s risk management shortcomings were admitted by Bankman-Fried, although he has said he does not think he has criminally liability.


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