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Sam Bankman-Fried Reportedly Set for Extradition to the US
A hearing in The Bahamas is set for Wednesday morning, and Bankman-Fried will fly to the U.S. the same day.
The former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried, has signed the necessary paperwork to begin the extradition process, reports the New York Post, citing Doan Cleare, the acting commissioner of corrections at Fox Hill Prison in The Bahamas.
Bankman-Fried is set to appear in court on Wednesday morning to continue the extradition process.
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CNBC reported that Bankman-Fried will fly to the U.S. the same day, also citing Doan Cleare.
In the U.S., Bankman-Fried will face an indictment from the Southern District of New York that includes charges of money laundering and conspiracy to commit wire fraud. He will likely request bail once on U.S. soil after having been denied that in The Bahamas.
Read more: Sam Bankman-Fried's Bahamas Court Appearance Adds to Confusion
UPDATE (Dec. 21, 0:10 UTC): Updates with CNBC report that Bankman-Fried will be flown to the U.S. on Wednesday.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
