SBF Plans To Agree To Extradition To The US: Report
SBF Plans To Agree To Extradition To The US: Report.
After facing the reported harsh conditions of the Fox Hill prison for the last four days, former FTX CEO Sam Bankman-Fried is now reportedly looking to reverse his decision to contest extradition.
On SBF’s Plans
After having been charged with eight counts of fraud and conspiracy last Tuesday by federal prosecutors from the Southern District of New York, Sam Bankman-Fried war originally meant to remain at Fox Hill prison until Feb. 8, 2023 after his original requests for bail was denied.
Reuters has since reported that SBF is currently reconsidering his earlier decision to contest extradition and is expected to appear in court in the Bahamas on December 19th to seek a reversal, after which SBF will need to appear in a United States court to face his multiple charges.
Sam is coming, to town!
Reuters is now confirming that SBF will drop his opposition to extradition from The Bahamas to New York.
If this is true, Sam could be back in New York within days.
— MetaLawMan (@MetaLawMan) December 17, 2022
Related: Sam Bankman-Fried (SBF) On What He Thought His Biggest Mistake Was!
This sudden change in his decision to contest extradition seems to come after multiple attempts in requesting for bail, with his first request being denied due to the judge deeming SBF to be a “flight risk”. A second application for bail has since reportedly been filed on on December 15th.
What Next For SBF
Bahamas attorney general, Ryan Pinder reportedly told press that the Bahamas is currently in cooperation with the U.S since Bankman-Fried’s arrest and that SBF would most likely be extradited.
The U.S Department of Justice noted that “Even if there are no immediate legal impediments to extradition, it may take many months or even many years for the extradition request to be heard by the courts.”
Reports say that if SBF was to be extradited, he will likely be relocated to a prison in New York and be kept in protective custody.
Related: SBF Files For New Bail Application In The Bahamas
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