The decision comes just a week after Bankman-Fried's lawyers initially said they planned to fight extradition. An extradition hearing had been scheduled for February 8. Your change could speed up the schedule for your shipment to the United States.
Bahamian authorities arrested Bankman-Fried last Monday at the request of the US government.
The former CEO of FTX faces criminal charges in the US, including wire fraud and money laundering, as well as civil charges. The 30-year-old could spend the rest of his life in jail.
Bankman-Fried's fall from cryptoevangelist to outcast occurred with astonishing speed. FTX filed for bankruptcy on November 11 when it ran out of money after the cryptocurrency equivalent of a bank run.
Before the bankruptcy, many in Washington and Wall Street regarded Bankman-Fried as a digital currency wunderkind, someone who could help bring them mainstream, in part by working with lawmakers to bring more oversight and trust to the industry.
Bankman-Fried was worth tens of billions of dollars, at least on paper, and was able to lure celebrities like Tom Brady or ex-politicians like Tony Blair and Bill Clinton to her lectures at luxury resorts in the Bahamas.
A prominent Silicon Valley firm, Sequoia Capital, invested hundreds of millions of dollars in FTX.
Top 10 Celebrity NFT Losses in 2022
US prosecutors and financial regulators painted a very different picture of Bankman-Fried and FTX last week. An indictment was unsealed on Tuesday alleging he played a central role in FTX's rapid collapse and concealed its problems from the public and investors.
The Securities and Exchange Commission said Bankman-Fried illegally used investors' money to buy real estate on behalf of himself and his family.
FTX's new CEO, John Ray III, told a congressional committee on Tuesday that there was nothing sophisticated about what Bankman-Fried was doing.
โThis is just old-fashioned embezzlement, taking money from others and using it for your own purposes,โ he said.
