There are developments around the scandal, which we talk about a lot these days, and it’s about the possible Handover of the former CEO of the cryptocurrency giant, disastrously with its founder. In case you missed the latest developments, a few days ago we brought you a long list of alleged scams in the hours following his arrest (by the Bahamas authorities) by the Securities and Exchange Commission (SEC), Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC).
Just yesterday Sam Bankman-Fried He appeared in court in the Bahamas and decided whether to extradite him to the United Stateswho originally seemed to want to strongly oppose him.
Former CEO of FTX Corporation He voluntarily agreed to hand it over In the United States, as also confirmed by his attorney, Jeroen Roberts. After the session, the lawyer assured reporters that the necessary legal documents for his client’s departure to the United States were being prepared.
Bankman-Fried is currently based in the Bahamas, where he managed his entire crypto empire, and assisted with bankruptcy proceedings and local investigations of FTX and its subsidiaries. According to some sources close to the developments, Bankman-Fried had asked for bail citing, among the reasons, his vegan diet and the routine medications he takes for his depression, but the request was denied by the judge.
The proceedings leading to his extradition were supposed to end today. As mentioned above, Bankman-Fried had initially planned to avoid returning to the US by all means, but after a week in Nassau’s infamous Fox Hill prison he seemed less inclined to follow that line, which would in all likelihood begin a several year legal battle just to avoid this step.
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