Sam Bankman-Fried OK With Extradition to the USA Report

• The New York Times reported that Sam Bankman Fried is willing to be extradited to the US.
• Former CEO of FTX is currently being held at Fox Hill prison in Bahamas. He was arrested.
• He is currently facing criminal charges in New York. Once he arrives, he would need to plead guilty.

Sam Bankman Fried has consented that he be extradited the US. The New York Times reportedMonday, citing a lawyer representing the founder of FTX.

Bankman-Fried had indicated to the Bahamas court last Wednesday that he wanted to keep the choice open to fight extraditionAfter a difficult week in Bahamian prison, it appears that he has reversed course. According to The New York Times Jerone Roberts, Bankman-Fried’s lawyer in Bahamas, stated that he is now ready to be extradited.

Insider was informed by a source familiar with Bankman Fried’s plans that the former crypto executive was open for return to the US.

Bankman-Fried has been held at Fox Hill Prison since his arrest earlier this month. 

It is not clear what Bankman-Fried will do next before the Bahamas court and when he would travel to the USA. A hearing earlier on MondayAfter initially reporting that he had stanced against extradition, he did nothing to resolve the questions. he would submitto the process of returning home.

Federal prosecutors can bring criminal cases in the US to extradite defendants who are located overseas. Extradition are governed by treatiesThere are differences between countries that define the circumstances in which defendants can be brought to America. 

Last week, a criminal indictment in New York Federal Court revealed that Bankman-Fried was charged with multiple counts of conspiracy and wire fraud.