FTX founder Sam Bankman-Fried has signed legal papers paving the way for his extradition from The Bahamas to the United States, where he faces fraud charges over the cryptocurrency exchange's collapse, a Bahamas official said on Tuesday.
Doan Cleare, The Bahamas' acting commissioner of Corrections, told Reuters the documents were signed around noon on Tuesday. A hearing in Bankman-Fried's case will take place on Wednesday at 11 a.m. EST , a court official told Reuters.
A U.S.-based lawyer for Bankman-Fried did not respond to requests for comment. A person familiar with the matter said Bankman-Fried intends to consent to extradition. Bankman-Fried has acknowledgedA spokesman for the U.S. attorney's office in Manhattan declined to comment.in The Bahamas, where he lives and where FTX was based, after a grand jury sitting in Manhattan federal court indicted him for allegedly stealing customer funds to plug losses at Alameda Research, his crypto hedge fund.
Earlier on Tuesday, Roberts declined to comment as he departed Magistrate Court in capital Nassau. U.S. embassy officials earlier entered the courthouse, a Reuters witness said, but Bankman-Fried was not seen on Tuesday.The arrest capped a stunning fall from grace for Bankman-Fried, who rode a boom in the values of bitcoin and other digital assets to become a billionaire several times over.
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