Mario Duncanson/Getty Images
- SBF is expected to fly to the US from a private airport in the Bahamas on Wednesday, per Bloomberg.
- Bankman-Fried will be escorted by FBI agents on the non-commercial flight, the outlet reported.
- The former crypto boss has been charged with eight counts, including wire fraud.
Sam Bankman-Fried is expected to be flown back to the US from a private airport in the Bahamas on Wednesday, per Bloomberg.
The FTX cofounder signed his surrender documents on Tuesday, Bloomberg reported, citing the Bahamas acting commissioner of corrections, Doan Cleare. Bankman-Fried is expected to sign the final papers waving his rights to fight extradition in a Bahamas court on Wednesday.
Bankman-Fried’s lawyer in the Bahamas, Jerone Roberts, told reporters that his client had defied “the strongest possible legal advice” and agreed to extradition voluntarily, per The New York Times.
The decision was reportedly partly motivated by the fact Bankman-Fried expected to be granted bail with house arrest in the US. He was previously denied bail at a court hearing last week, per Bloomberg.
Bankman-Fried will be escorted by FBI agents on the non-commercial flight to the US, Bloomberg reported, citing a source familiar with the matter.
The disgraced former crypto boss has been charged with eight counts, including wire fraud.
US federal prosecutors have accused Bankman-Fried of misappropriating FTX customer funds, including using customer money to repay loans owed by Alameda Research, a separate company owned by Bankman-Fried. Prosecutors have also accused the FTX cofounder of defrauding lenders.
Bankman-Fried has denied in multiple recent interviews that he knowingly committed fraud.
On Monday, he appeared in court in Nassau, the capital of the Bahamas. Per Reuters, he had to be awakened by a court official after closing his eyes during his extradition hearing.
