Sam Bankman-Fried will be extradited to the U.S. Wednesday night Sam Bankman-Fried will be extradited to the U.S. Wednesday night
Sam Bankman-Fried's extradition from the Bahamas is imminent.
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Updated: Aug. 17, 2023 at 2:28 am UTC
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The Bahamas government has announced that former FTX CEO Sam Bankman-Fried will travel to the U.S. tonight, Dec. 21.
A document from the Office of the Attorney General of the Bahamas confirmed Bankman-Fried’s departure from the island country. It added that the U.S. has requested a provisional arrest warrant for Bankman-Fried “in anticipation of his extradition according to an extradition treaty between the two nations.”
The Bahamian government further noted that Bankman-Fried’s written consent to extradition satisfies its legal requirements even without formal extradition proceedings.
Over this week, Bankman-Fried and his legal team have reversed their stance on whether they would fight extradition to the United States.
Bankman-Fried and his legal team dropped their fight against extradition on Monday, Dec. 19. The former CEO signed extradition papers yesterday, Dec. 20, and immediate extradition was granted earlier today. He will attempt to secure bail in the U.S.; if that fails, he will likely be held in New York’s Metropolitan Detention Center, Brooklyn.
Bankman-Fried was initially arrested on Dec. 12 following the collapse and bankruptcy of the FTX cryptocurrency exchange.
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Mike Dalton
Before transitioning to crypto writing in 2018, Mike studied library and information sciences. Currently, he resides on Canada's West Coast.
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FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
Sam Bankman-Fried is the former CEO, and co-founder of defunct crypto exchange FTX and Alameda Research.