Former FTX CEO Sam Bankman-Fried has reportedly reviewed his previous decision opposing extradition. And it is expected that in the Bahamas court on December 19, there may be a change of heart. Reutersreporton Dec. 17, citing people familiar with the matter.
When extradition is consented Bankman-Fried will be able to appear in a US court He faces charges of conspiracy to defraud customers and lenders, securities fraud, commodity fraud, money laundering and conspiracy to defraud the United States. and violating campaign finance laws.
The move comes after the refusal of bail by Bankman-Fried on Dec. 13 due to a “risk of escape,” which lawyers for the former CEO argued SBF had had no criminal record and was suffering from depression and insomnia. A second bail application was filed at the Bahamas Supreme Court on December 15.
If convicted Bankman-Fried could face up to 115 years in prison. Until he receives the final sentence, which may be several years. Legal critics say
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