- The US is “seemingly” to request Sam Bankman-Fried be extradited to the US, the Bahamas legal professional common stated.
- The legal professional common indicated the Bahamas supposed to extradite Bankman-Fried if requested.
- The disgraced crypto founder was arrested within the Bahamas on Monday, based on US authorities.
US authorities are “seemingly” to request the extradition of Sam Bankman-Fried, the Bahamas legal professional common, Sen. Ryan Pinder KC, stated in a statement shared on-line on Monday, shortly after the FTX cofounder’s arrest.
The disgraced crypto founder was arrested within the Bahamas on Monday based mostly on a “sealed indictment” from US authorities, the US Legal professional’s Workplace Southern District of New York said on social media. Bankman-Fried can also be dealing with separate prices from the US Securities and Alternate Fee.
The Bahamas legal professional common stated within the assertion that the US had filed legal prices towards Bankman-Fried and was “prone to request his extradition.”
Pinder indicated the Bahamas supposed to extradite the FTX cofounder if requested, per the assertion.
“At such time as a proper request for extradition is made. The Bahamas intends to course of it promptly, pursuant to Bahamian regulation and its treaty obligations with america,” Pinder stated.
The US authorities has an extradition treaty with the Bahamas that permits for the extradition of defendants for prices that might be thought of a criminal offense in each international locations and will lead to a jail sentence of longer than a 12 months.
Bankman-Fried’s arrest comes after the crypto alternate platform, FTX, and its associates collapsed in mid-November.
Bankman-Fried is dealing with allegations that he misused FTX buyer funds to prop up Alameda Analysis, one other firm he owned, leading to billions of {dollars} in losses.
Representatives for the Bahamas legal professional common workplace didn’t instantly reply to Insider’s request for remark made outdoors regular working hours.
