Sam Bankman-Fried may be ready to come to US to face criminal charges related to the collapse of cryptocurrency exchange FTX following court appearance in the Bahamas
Bankman-Fried arrived at the courthouse in a black van marked Corrections, escorted by a SWAT vehicle and a police vehicle.
Jerone Roberts, a local defence attorney for Bankman-Fried, told The New York Times that lawyers will prepare the necessary documents for extradition. “Mr. Bankman-Fried wishes to put the customers right, and that is what has driven his decision,” the Times quoted Roberts telling reporters.The court appearance came just a week after Bankman-Fried’s lawyers had initially said that they planned to fight extradition. An extradition hearing had been scheduled for February 8.
“We want him to feel the weight of what he’s done,” said Ben Armstrong, the founder of the BitBoy Crypto website. Armstrong said he’d come to the courthouse with a dozen people, some of whom had lost their money with FTX. Bankman-Fried’s downfall, from crypto evangelist to pariah, occurred with stunning speed. FTX filed for bankruptcy protection on November 11 when it ran out of money after the cryptocurrency equivalent of a bank run.
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