A defense lawyer for Sam Bankman-Fried, founder of now-bankrupt crypto exchange FTX, told a magistrate judge in the Bahamas on Monday that the former billionaire was not yet ready to agree to be extradited to the United States.
Bankman-Fried has seen an affidavit laying out the charges against him, but has not yet read the indictment filed last week in Manhattan federal court accusing him of stealing billions of dollars in customer deposits to plug losses at his crypto hedge fund, Alameda Research, said the lawyer, Jerone Roberts.
Roberts' statement came at a two-hour hearing in Nassau before Magistrate Shaka Serville. When the hearing concluded, Bankman-Fried was given the chance to speak on the phone with his U.S. defense lawyer with Roberts present. No further court date was set.Bankman-Fried, dressed in a dark blue jacket and an untucked white shirt, spoke only to greet the judge and confirm he would speak with his U.S. counsel.
After the hearing, Bankman-Fried was remanded back to the custody of the Bahamas' Department of Corrections. He departed the courthouse in a black van marked 'Corrections,' carrying a manila folder containing papers, a Reuters witness said.The Founder and former CEO of crypto currency exchange FTX Sam Bankman-Fried arrives at the Magistrate Court building in Nassau, Bahamas December 19, 2022.
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