On Wednesday, federal authorities will return Sam Bankman-Fried to the United States to face a variety of criminal accusations relating to the collapse of the FTX cryptocurrency exchange.
Tuesday, Bankman-Fried signed his surrender forms, according to Bahamas Acting Corrections Commissioner Doan Cleare. On Wednesday, he will sign a separate set of documents before the Nassau Magistrate’s Court to finalize his waiver of rights to oppose extradition.
According to a source with knowledge of the situation, the co-founder of FTX will thereafter be followed by FBI agents on a non-commercial plane return to the United States. The plane would depart from a private airport on the island nation, according to a second individual, who also requested anonymity due to the sensitivity of the arrangements.
His return to the United States will conclude a tumultuous week of anticipation about when Bankman-Fried might return to face accusations, including fraud. Since being denied bail at his initial court hearing a week ago, Bankman-Fried has been detained at the infamous Fox Hill jail facility on the outskirts of Nassau.
Plans call for Bankman-Fried to be led by Bahamian officers from the prison to the court on Wednesday morning, however these plans are subject to change.
Bankman-Fried has since hinted in private talks that he is planning to return to the United States as early as Monday, despite having earlier stated that he would fight extradition. The change in attitude was influenced by the anticipation that he will be granted bail in the United States.
It was initially unclear which airport in the United States Bankman-Fried would land at. The Southern District of New York US Attorney’s Office announced an eight-count indictment against him last week.
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