FTX founder Sam Bankman-Fried is reportedly on his option to the US after voluntarily waiving his extradition rights.
Citing a Bahamian court docket official, NBC Information reviews that the previous crypto mogul formally agreed to be extradited from the Bahamas to his dwelling nation on Tuesday.
Don Cleare, the performing commissioner of corrections for the Bahamas Division of Correctional Providers, says Bankman-Fried is scheduled to fly to the US on Wednesday now that he has filed the mandatory papers in court docket.
The 30-year-old was arrested by Bahamian authorities on behalf of the US on December twelfth after a federal court docket indicted him with six counts of fraud, conspiracy to commit cash laundering and conspiracy to defraud the US and violate marketing campaign finance legal guidelines.
Bankman-Fried’s authorized group initially deliberate to contest the extradition however the disgraced MIT graduate later consented to be despatched dwelling to the US after he was remanded to the rat and maggot-infested Fox Hill jail.
Bankman-Fried might find yourself spending the remainder of his life in jail if convicted of the legal expenses he faces following the downfall of his crypto empire. As soon as again within the US, he could request to be briefly launched on bail pending a ruling on his circumstances.
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