Sam Bankman-Fried, who faces charges in the U.S. following the collapse of FTX, did not waive his right to an extradition hearing at a court appearance in the Bahamas as expected, casting doubt around his potential transport to the U.S. for prosecution.
last week in the Bahamas after federal prosecutors in New York filed an eight-count indictment including allegations of fraud and conspiracy.
PHOTO: Sam Bankman-Fried, the founder and former CEO of crypto currency exchange FTX, is escorted out of the Magistrate Court building in Nassau, Bahamas, Dec. 19, 2022. It is not immediately clear whether Bankman-Fried had another change of heart but a frustrated Bahamian prosecutor called Monday's proceedings"incredible" and said Bankman-Fried's local lawyer was not to be believed.A U.S. government plane is waiting to fly Bankman-Fried back from the Bahamas, where he lived in a $30 million penthouse while running FTX until it collapsed in a $32 billion bankruptcy in November.
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