Sam Bankman-Fried, the founder of FTX and former executive who is facing criminal charges in the United States, including wire fraud and conspiracy to commit money laundering, may stop fighting his extradition from The Bahamas.
On Monday, Bankman-Fried’s legal team is anticipated to forgo its previous notice and request for an extradition hearing, which was scheduled for February 8, in Bahamanian court.
Bankman-Fried is being held in Fox Hill prison in The Bahamas, where he is said to be “scared” but in “good spirits,” according to a prison official cited by The Washington Post.
The US Department of Justice reports that extradition proceedings can last months or even years.
