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Sam Bankman-Fried Won’t Contest Extradition to the US: Report

SBF will reverse his decision to contest extradition to the US, according to a recent report.
George Georgiev
By George Georgiev

Sam Bankman-Fried – the former CEO of defunct crypto exchange FTX – will supposedly reverse his decision to contest extradition to the US.

According to a Reuters report, SBF will appear before the court in the Bahamas on Monday, December 19.

  • Bankman-Fried is currently held at a correctional facility in the Bahamas following his arrest on December 13.
  • He faces multiple charges, including criminal, and is being investigated by the DOJ, SEC, and the CFTC.
  • It was previously said that SBF will fight extradition requests, but according to sources familiar with the matter, he will be reversing this decision on Monday (December 19th).
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Tags:
FTX Exchange Sam Bankman-Fried (SBF)
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About the author

George Georgiev
George Georgiev
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Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.