Bankman-Fried Could Be Extradited to the U.S. as Soon as Wednesday

Santa - Fried should presently be fetch crypto wintertime cheerfulness to the U.S. His sled will be a Union jet flying from the Bahamas to New York . The only workshop room access he ’ll be ducking his large mop of hair’s-breadth through is a New York judicature where there ’s a question of whether he ’ll be grant bond . His gift , addressed from Sam Bankman - Fried to Sam Bankman - Fried , will be a protract motor inn struggle over allegation he screwed crypto substance abuser and investors out of their money by handle his crypto exchange FTX as his own personal piggy banking company .

CNBCwrote tardily on Tuesday that maligned FTX founder Bankman - Fried would be returning to the U.S. Wednesday where he face severalfederal chargesof fraud , money laundering , and campaign finance violations . The Bahamas ’ acting commissioner of corrections Doan Cleare tell apart CNBC that Bankman - Fried , who often goes by his initials SBF , will come to the U.S. on a Union aircraft that should be landing somewhere in New York .

This comes after afull day of chaos Mondaywhen over the weekend reports indicated SBF would no longer contest his extradition . His lawyer in the Bahamas , Jerone Roberts , was unaware of this last minute decision , and it came out in courtyard that he was as confused as everyone else . He reportedly told the magistrate judge “ whatever trail get him here this dayspring , it did not regard me . ” After a solar day of brawl and shuttling the aver fraudster from poky to court , back to slammer , and back to court , the FTX founder finally announce he was not go to fight extradition .

Bankman-Fried was escorted out of Bahamas Magistrate court Monday during a helter-skelter court proceeding over whether he would contest extradition. SBF’s return to the U.S. could come as soon as Wednesday, according to multiple reports.

Bahamas policearrestedthe crypto founder earlier this month at his sumptuousness flat in the face of U.S. bursting charge . He was have at the prison facility most commonly known as “ Fox Hill ” which has become notorious for poor and inhumane conditions . He was reportedly held in the facility ’s aesculapian backstage while the extradition conflict take on out .

It ’s presently unclear when Bankman - Fried ’s arraignment is and where it will be held . Gizmodo reached out the U.S. Attorney ’s Office for the Southern District of New York for comment but we did not forthwith try back .

Fox Newsfirst report Tuesday based on two anonymous origin that SBF would be released on bail after his attorney and the U.S. Attorney ’s Office strike a deal to have the crypto founder consent to extradition . The New York Times boom on these details in a paper Wednesday , with three unnamed sources separate reporter SBF would be granted bond but he would be placed under home detention . Electronic monitoring or other restrictive measures were n’t out of the question either . Though in the ending it all come in down to a federal judge ’s approval .

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Despite how quickly federal prosecutor brought charge against the 30 - yr - old crypto founder , a full tourist court battle could take years to start . In the meantime , the failure proceedings for FTX are underway , and the company has squall on several of those political drive SBF donated to , toask for its money back . Those political donation could be fundamental to Union charge , as U.S. Attorney Damian Williams note that the FTX founder used money that was “ mask to come from moneyed co - conspirators ” but had actually come from his exchange ’s users ’ funds .

As far as what we already have it away about how Bankman - Fried funneled exploiter ’ crypto to his hedge fund Alameda on the sly , it seems things will only get more dire for the crypto founder as those handling FTX ’s bankruptcytake the company ’s former execs to task .

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