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The founder of FTX agrees to be extradited to the United States to stand trial

2025-03-28 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

On the morning of December 20, Beijing time, it was reported that two lawyers said on Monday that Sam Bankman-Fried (Sam Bankman-Fried) had agreed to be extradited to the United States to face fraud charges. Just a few hours ago, one of the lawyers told a judge in the Bahamas that the founder of the cryptocurrency exchange FTX wanted to see the US government prosecute him before agreeing to extradition.

On Monday afternoon, Jarone Roberts, a criminal defense lawyer in the Bahamas, told the media that his client had agreed to be extradited to the United States voluntarily and would return to court later this week.

"as lawyers, we will prepare the necessary documents to appear in court." "Mr. Bankman-Fried wants to treat his customers correctly, which is what prompted him to make this decision," Roberts said. "

Roberts has yet to comment.

Krystal Rolle, who represented Bankman Fried in a separate lawsuit in the Bahamas, also said his client had agreed to be extradited to the United States.

Earlier in the day, Roberts said at a court hearing in Nassau that his clients had seen the affidavit listing the charges brought against him over the collapse of FTX, but had not seen the charges filed in Manhattan court last week.

After the hearing, Bankman-Fried was escorted back to the correctional department in the Bahamas for detention. It is said that he left the court in a black van marked "Correctional Services" with a folder in his hand.

Mark Mark Cohen, a lawyer representing Bankman-Fried in the US, has yet to comment. A spokesman for the attorney general's office in Manhattan and a spokesman for Bankman-fried had no comment.

The 30-year-old cryptocurrency tycoon used Bitcoin and other digital currencies to achieve a wealth surge and became an influential political donor in the US until the collapse of FTX, which he founded, in a run in November. The cryptocurrency exchange declared bankruptcy on November 11th.

Federal prosecutors in Manhattan accused Bankerman-Fried of stealing billions of dollars from FTX clients to make up for losses suffered by his hedge fund, Alameda Research.

Bankman-Fried admitted that FTX had failed in risk management, but he did not believe he was criminally responsible.

He was arrested on 12 December in the Bahamas, where he lives and is the headquarters of FTX, after federal prosecutors in New York charged him with misleading borrowers and investors, conspiring to launder money and violating United States campaign finance laws.

Mr Bankman-Fried initially said he would protest against the timing of the extradition, but people familiar with the matter revealed on Saturday that the former billionaire would return to court to overturn his decision.

At Monday's hearing, Bankman Fried wore a dark blue jacket and a white shirt. He spoke only to Judge Shaka Serville and confirmed that he would communicate with American lawyers. At one point, he leaned back with his eyes closed at the hearing, and was later woken up by a court official.

Roberts initially told Servier that he did not know why Bankman-Fried was brought to court on Monday morning. After a break, the lawyer said his client wanted to see the indictment before agreeing to extradition.

After the hearing, Bankman-fried was allowed to speak to American defense lawyers in the presence of Roberts. However, the specific date of the follow-up procedure has not been set.

Servier said at the hearing that he could not take any extradition action against him without the consent of Bankman-Fried.

Franklin Williams, who promotes extradition on behalf of the US, said the procedure on that day was "incredible" and that he seemed frustrated by the delay.

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