Sam Bankman-Fried, the jailed founder of cryptocurrency exchange FTX, reportedly signed documents on December 20 waiving his extradition hearing in the Bahamas and sees him flown to the United States to face multiple criminal charges.
A Bahamas Supreme Court hearing has been set for December 21 on the matter. Bankman-Fried reportedly I wanted to see the accusation against him before he agreed to extradition to the United States and was is expected to fall his fight for extradition according to reports on December 19.
ABC news first reported the development on December 20 citing Bahamas acting corrections commissioner Doan Cleare.
Cointelegraph contacted the interim commissioner's office to confirm, but did not immediately receive a response.
With the documents signed, Bankman-Fried should be allowed to transit to New York, where faces eight charges in an indictment of the United States Attorney for the Southern District of New York.
He faces charges from the Department of Justice related to wire fraud, conspiracy to commit money laundering, conspiracy to commit wire, commodity and securities fraud, and campaign finance violations.
FTX founder faces additional charges related to commodity law violations Y defrauding investors from the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) respectively.
The charges carry a maximum sentence of 115 years in prison if convicted on all counts.
not in the hospital
Meanwhile, a December 20 Instagram to post from local news outlet Bahamas Press claiming that Bankman-Fried was "rushed" to hospital from prison had circulated on social media but was later discredited.
Related: The SBF legal battle still has "much unresolved," according to legal commentators.
New York Times financial reporter Rob Copeland tweeted shortly afterward that he spoke with the prison warden, who said the exchange founder was having lunch in the medical bay and that the rumor was false.
There are reports that @SBF_FTX he was rushed from his prison in the Bahamas to the hospital.
These are fake, the prison chief tells me. Like a few moments ago, Sam was having lunch. He is still there in the medical bay where he has been confined to a single room with four roommates.
โRob Copeland (@realrobcopeland) December 20, 2022
Shortly thereafter, the Bahamas Press published a to update saying that his sources were now reporting the claim to be false.
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