Sam Bankman-Fried, former CEO of incumbent crypto alternate FTX, could reverse his determination to contest extradition to the US.
SBF is scheduled to look in court docket within the Bahamas on Monday, December 19, in response to a Reuters report.
- Bankman-Fried is presently being held in a Bahamas correctional facility after being arrested on December 13.
- He faces a number of costs, together with felony costs, and is being investigated by the DOJ, SEC, and CFTC.
- The SBF was beforehand mentioned to be towards the extradition request, however he plans to reverse the choice on Monday (December 19), in response to sources acquainted with the matter.
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