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FTX CEO Sam Bankman-Fried signs Bahamas extradition papers

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Accused crypto grifter Sam Bankman-Fried is one step closer to an American courtroom Tuesday, after he signed legal paperwork to start the extradition process.

The 30-year-old former CEO of FTX — indicted on charges of defrauding investors within the crypto exchange of $1.8 billion — signed the paperwork around noon, in keeping with Doan Cleare, The Bahamas’ acting commissioner of Corrections.

Bankman-Fried is due back in court Wednesday morning for a hearing expected to start out the means of returning him to the US.

In court last week Bankman-Fried said he would fight his extradition to the US while searching for release on bail from Bahamian prison.

Nevertheless, a judge ruled he was a flight risk and ordered him remanded on the island nation’s notorious rat-and-maggot infested Fox Hill prison, where he has been held since his arrest on Dec. 12.

Sam Bankman-Fried signed legal paperwork to start his extradition process.REUTERS

After an apparent about-face over the weekend, Bankman-Fried appeared before a Bahamian court Monday to start the extradition process — to the surprise of his own local lawyer.

 “Mr. Bankman-Fried wishes to place the shoppers right, and that’s what has driven his decision,” Jerone Roberts, the previous CEO’s Bahamian defense attorney, told reporters Monday.

The lawyer added that Bankman-Fried had made the choice against “the strongest possible legal advice.”

The Magistrate Court Bankman-Fried can be back in a Bahamas courtroom Wednesday morning.AP/Rebecca Blackwell

Should Bankman-Fried’s extradition proceed, his case can be taken up in federal court in the Southern District of Latest York.

With wires

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