Batik cryptocurrency It has been learned that Sam Bankman-Fried, the founder and former CEO of the stock exchange FTX, has changed his mind and will request extradition to the USA.
Bankman-Fried had asked the judge not to extradite her to the United States at her last court hearing.
Prison Conditions In The Bahamas Are Thought To Have Changed Sam Bankman-Fried’s Decision
Poor prison conditions in the Bahamas are thought to have contributed to Bankman-Fried’s recent change of decision. It was reported that the famous name was vegan and requested that the prison authorities be given such meals to him.
It is known that the prison where Sam Bankman-Fried stayed in the Bahamas is one of the worst prisons in the world.
According to the latest information, Sam Bankman-Fried will retract his decision to appeal his extradition to the United States at his hearing on Monday in the Bahamas.
The owner of the cryptocurrency company was indicted in federal court in Manhattan on Dec. 13 and accused of plotting to defraud FTX customers. Prosecutors said he used the stolen client deposits to pay expenses and debts and to invest on behalf of crypto hedge fund Alameda Research LLC.
Bankman-Fried, 30, was arrested last Monday in the Bahamas, where he lives and is headquartered in FTX. She was taken to Fox Hill prison in the Bahamas on Tuesday after Chief Magistrate JoyAnn Ferguson denied her request to stay at home awaiting her extradition hearing to the United States.
Bankman-Fried’s spokesperson or US attorney has yet to respond to requests for comment. A spokesperson for the US Attorney’s Office in Manhattan declined to comment.
Bankman-Fried filed a new bail application with the Bahamas Supreme Court on Thursday, a person familiar with the matter told Reuters.
*Not investment advice.
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