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Sam Bankman-Fried Being Extradited To US on Conditions for Bail

Published 2022-12-20, 06:40 a/m
Sam Bankman-Fried Being Extradited To US on Conditions for Bail

  • Sam Bankman-Fried is to be extradited to a US court in Manhattan from the Bahamas.

  • The entrepreneur faces charges like wire fraud, money laundering, etc, in a U.S. court.

  • Prosecutors will argue to keep the alleged under custody on the account of flight risk.

FTX founder Sam Bankman-Fried reportedly agreed to be extradited to the U.S. on Monday after a court appearance in the Bahamas. As of today, he has been indicted in Manhattan federal court. The alleged founder’s request to remain at home while awaiting a hearing on his extradition was denied by Chief Magistrate JoyAnn Ferguson-Pratt and consequently confined Bankman-Fried in a Bahamanian prison.

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