Sam Bankman-Fried was headed back to jail Monday after a Bahamian judge cut short a hearing where the disgraced FTX founder was expected to drop his fight against extradition to the U.S.
Local news outlets reported that Bankman-Fried’s attorney requested the adjournment because he hadn’t been properly consulted about the proceedings.Bankman-Fried was expected to tell Judge Shaka Servillea that he will not fight extradition to the U.S., where he faces multiple criminal and civil charges related to FTX’s collapse.
Bankman-Fried arrived at the courthouse in a black van marked Corrections, which was escorted by a SWAT vehicle and a police vehicle. Police quickly whisked him into an entrance at the back of the courthouse. If he is brought to New York, Bankman-Fried will likely be held, at least temporarily, in a federal detention center in Brooklyn. Other famous prisoners at the Metropolitan Detention Center in recent years have included the sexually-abusive singer R. Kelly, the pharmaceutical company executive Martin Shkrelli and the socialite Ghislaine Maxwell, who was convicted of helping the millionaire Jeffrey Epstein sexually abuse children.
Before the bankruptcy, Bankman-Fried was considered by many in Washington and on Wall Street as a wunderkind of digital currencies, someone who could help take them mainstream, in part by working with policymakers to bring more oversight and trust to the industry.
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