Sam Bankman-Fried set to be extradited to U.S., faces fraud charges

Sam Bankman-Fried extradition

According to an affidavit read by his lawyer at a court hearing in the Bahamas on Wednesday, Sam Bankman-Fried has agreed to be extradited to the United States, where he faces fraud charges.

It makes it possible for the founder of the FTX cryptocurrency exchange to be flown to the US as early as today.

According to the affidavit, which is dated Dec. 20, Bankman-Fried made the decision to consent to extradition in part because of a “desire to make the relevant customers whole.”

In a suit, Bankman-Fried entered the witness stand in court and talked calmly and eloquently while being sworn in.


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“Yes, I do wish to waive my right to such formal extradition proceedings,” he told the judge.

The court was informed by the defendant’s defense lawyer that his client was “anxious to leave.”

Following the statements, the hearing was adjourned.

A person with knowledge of the situation said on Wednesday morning that representatives from the FBI and the United States Marshals Service, which manages the transfer of people held in U.S. custody, have arrived in Nassau, the country’s capital.

When Bankman-Fried will leave the Caribbean country for New York was not immediately known.