Sam Bankman-Fried moves closer to US extradition after FTX multi-billion dollar collapse
FTX co-founder Sam Bankman-Fried, who has been imprisoned in the Bahamas, has agreed to be sent to the US to face multiple criminal charges.
Bankman-Fried had been expected to drop his fight against extradition. A hearing was scheduled for Wednesday in Nassau to consider the matter. A representative for the former FTX CEO did not immediately respond to a request for comment.
By signing his extradition papers, Bankman-Fried is one step closer to facing a series of criminal charges in the US related to the collapse of FTX, which he co-founded.
The development, first reported by ABC News, was confirmed by Doan Cleare, acting Commissioner of Corrections for the Bahamas.
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