FTX founder Sam Bankman-Fried, after his transfer from his local prison was approved by the judge, cryptocurrency He will soon be in US custody pending trial on criminal charges linked to the stock market crash.
Sam Bankman-Fried Tells His Clients He Wants To Give Their Assets Back
Mr. Bankman-Fried has agreed not to appeal his extradition, and his lawyer read a statement in court Wednesday in which the FTX founder waived his right to extradition and said he “willed to reimburse the clients in question”.
When Magistrate Shaka Serville asked whether the affidavit was his and represented his wishes, Bankman-Fried replied, “Yes, I want to waive my right to formal extradition proceedings.” He also told the judge that he was healthy and in good shape.
His lawyer, Jerone Roberts, said his client’s reasons were clear. “It has always been his desire to please customers,” he said.
Roberts said Mr Bankman-Fried was “looking forward to leaving” and requested that he be transferred to the US on Wednesday.
The former CEO of FTX has been in jail in the Bahamas since his arrest last week on charges of stealing billions of dollars from customers by misleading credit institutions and investors.
Federal prosecutors at the US attorney general’s office for the Southern District of New York charged Bankman-Fried, 30, with eight counts, including fraud, conspiracy and money laundering. Bankman-Fried said he had no intention of committing fraud and didn’t know exactly what was going on at Alameda Research, the crypto hedge fund allegedly backed by client deposits.
*Not investment advice.
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