Sam Bankman-Fried has signed documents to pave the way for his extradition to the US, where he faces fraud charges over the collapse of his cryptocurrency exchange FTX, ahead of another scheduled court appearance on Wednesday in the Bahamas.
Bankman-Fried’s signed the papers in Nassau on Tuesday, said a person familiar with the matter. He is due to appear in Bahamas magistrates’ court on Wednesday morning. His lawyers told Reuters he would agree to extradition, paving the way for a swift departure from the Caribbean nation.
Bankman-Fried was arrested last week in Nassau, where he lives, after the US Department of Justice filed charges against him, accusing the one-time crypto tycoon of orchestrating “one of the biggest financial frauds in American history”.