Sam Bankman-Fried, the jailed founding father of the FTX cryptocurrency alternate has reportedly signed papers on Dec. 20 waiving his extradition listening to in the Bahamasand see him flown to the United States to face a number of felony charges.

A listening to in the Bahamas Supreme Court was set for Dec. 21 relating to the matter. Bankman-Fried reportedly needed to see the indictment towards him earlier than he agreed to extradition to the U.S. and was anticipated to drop his extradition struggle in accordance to stories on Dec. 19.

ABC News first reported the growth on Dec. 20 citing the Bahamas performing commissioner of corrections Doan Cleare.

Cointelegraph contacted the performing commissioner’s workplace for affirmation however didn’t instantly obtain a response.

With the papers signed, Bankman-Fried ought to be permitted to transit to New York the place he faces eight counts in an indictment from the U.S. Attorney for the Southern District of New York.

He faces charges from the Department of Justice relating to wire fraud, conspiracy to commit cash laundering, conspiracy to commit wire, commodities and securities fraud, and marketing campaign finance violations.

The FTX founder faces additional charges relating to commodity legislation violations and defrauding traders from the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) respectively.

The charges carry a most sentence of 115 years in jail if convicted of all counts.

Not in hospital 

Meanwhile, a Dec. 20 Instagram put up from native media outlet Bahamas Press claiming Bankman-Fried was “rushed” to hospital from jail had made the rounds on social media, however was later debunked.

Related: SBF’s authorized battle nonetheless has “a lot to play out,” in accordance to authorized commentators

New York Times monetary reporter Rob Copeland tweeted quickly after that he spoke to the head of the jail who mentioned the alternate founder was consuming lunch in the medical bay and that the rumor was false.

There are stories that @SBF_FTX was rushed from his Bahamian jail to the hospital.

These are false, the head of the jail tells me. As just a few moments in the past, Sam was consuming lunch. He remains to be there in the medical bay the place he has been held in a single room with 4 roommates.

— Rob Copeland (@realrobcopeland) December 20, 2022

Soon after, Bahamas Press posted an replace saying its sources had been now reporting the declare was unfaithful.


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