Former FTX CEO Sam Bankman Fried, currently in jail, could arrive in New York as soon as Wednesday afternoon, according to the New York Times. Bankman-Fried was arrested in the Bahamas on Dec. 12 at his luxury apartment.
Sam Bankman-Fried, the former crypto exchange executive, is set to leave the Bahamas for the United States, where he will face federal charges for fraud, according to several reports who heard the court hearing live on Wednesday.
Bankman-Fried could arrive in New York as soon as Wednesday afternoon, according to the New York Times. The exact timing of the proceedings is unclear, but he will be arraigned in the Federal District Court in Manhattan. In Magistrate Court on Wednesday morning, he confirmed that he signed legal documents authorizing the relocation, which he had requested on Monday.
Bankman-Fried was arrested in the Bahamas on Dec. 12 at his luxury apartment, where he was living while running his now collapsed crypto exchange FTX. He faces eight criminal charges in total, including securities and wire fraud and money laundering. For the past week, Bankman-Fried had been at Fox Hill prison, where his request for bail was denied by a magistrate judge. On Monday, he appeared in court in front of a new magistrate judge to ask to be extradited to the U.S., after initially fighting against extradition last week. His request was granted in the most recent hearing on Wednesday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disgraced FTX founder Sam Bankman-Fried does not waive extradition to US from Bahamas as expectedSam Bankman-Fried, who is facing charges in the U.S. following the collapse of his cryptocurrency company, FTX, did not waive his right to an extradition hearing at a court appearance in the Bahamas on Monday as expected, casting uncertainty around his potential transport to the U.S. for prosecution. The proceedings were adjourned to an as-yet-unspecified date and Bankman-Fried was remanded back into custody. Bankman-Fried, 30, was arrested last week in the Bahamas after federal prosecutors in New York filed an eight-count indictment including allegations of fraud and conspiracy.
Read more »
FTX founder Sam Bankman-Fried does not waive extradition from Bahamas as expectedFTX founder Sam Bankman-Fried is facing charges of fraud and conspiracy in the U.S.
Read more »
Sam Bankman-Fried, founder of FTX, to likely waive extradition in BahamasSam Bankman-Fried agreed to be extradited from the Bahamas back to the U.S. to face fraud charges. He is the founder of the cryptocurrency exchange FTX.
Read more »
FTX Founder Sam Bankman-Fried Will Fly From Bahamas to U.S. Wednesday to Face Criminal ChargesSam Bankman-Fried is set to return to the U.S., where he faces multiple criminal charges tied to the collapse of his crypto exchange FTX.
Read more »
Sam Bankman-Fried Expected Back in Bahamas CourtCourt proceedings on Wednesday morning could complete Sam Bankman-Fried’s transfer to U.S. custody
Read more »