Sam Bankman-Fried, the founder of FTX and former executive who is facing multiple criminal charges in the United States, including wire fraud and conspiracy to commit money laundering, may be open to returning to the US and giving up his fight against extradition from The Bahamas.
According to reports, Bankman-Fried’s legal team is expected to waive its earlier notice and request for an extradition hearing, which was scheduled for February 8, in Bahamanian court on Monday.
Bankman-Fried has been detained in Fox Hill prison in The Bahamas, where he is said to be “awfully scared” but “in good spirits,” according to a prison official cited by The Washington Post.
Extradition proceedings can take many months or even years to complete, according to the US Department of Justice.
