Bankman-Fried Close to Extradition to US

Sam Bankman-Fried, the disgraced former CEO of the collapsed crypto exchange FTX, has signed the appropriate paperwork to begin the extradition process, according to the New York Pos. The post got the news from Doan Cleare, the acting commissioner of prisons at Fox Hill Prison in The Bahamas.

Following his arrest last week, Bankman-Fried is scheduled to appear in court on Wednesday to resume the extradition proceedings.

In addition, CNBC reported that Bankman-Fried will be flying to the United States on this day.

In the United States, Bankman-Fried will face accusations of money laundering and conspiracy to conduct wire fraud in the Southern District of New York. He will almost certainly request bail once he arrives in the United States, after being rejected in The Bahamas.