Sam Bankman-Fried can’t take it anymore: he demands his extradition from the Bahamas to the United States to protest against his detention conditions!

FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to challenge his extradition to the United States. Bankman-Fried spent nearly five days in the Bahamas Department of Correctional Services’ (BDOCS) Fox Hill Prison, an overcrowded prison known for its filthy conditions and accusations of abuse.

According to a Reuters source, the SBF will not oppose the U.S. extradition request on Monday.

According to Reuters “a person familiar with the case said on Saturday“that Sam Bankman-Fried (SBF) was considering whether to more readily agree to be extradited to the United States. The source noted that SBF “will reverse his decision to contest extradition” when he appears in court on Monday. The former FTX CEO was scheduled to remain at Fox Hill until Feb. 8, 2023, after Judge Ferguson-Pratt denied SBF’s request for bail.

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The news about SBF follows reports that noted the former FTX executive was residing in the Fox Hill infirmary dormitory style with five other inmates. Acting Commissioner of the Bahamas Correctional Service Doan Cleare said SBF was taking his medication and was of “good mood“.

Reuters further detailed that SBF made a “new bail application before the Bahamas Supreme Court on Thursday“, according to another source familiar with the case. SBF was arrested on December 12, 2022, and has been charged with a number of financial fraud and conspiracy charges by U.S. Attorney Damian Williams of the Southern District of New York (SDNY). SBF is also being prosecuted by the Commodity Futures Trading Commission (CFTC) and he has been indicted by the U.S. Securities and Exchange Commission (SEC) for fraud as well.

Bahamian Attorney General Ryan Pinder told the press after SBF’s arrest that the country was cooperating with the United States and that SBF would likely be extradited. SBF’s parents reportedly remained in the Bahamas, and they tried to feed their son vegetarian food. On the day SBF’s parents attended the first hearing, one report stated that SBF’s mother reportedly laughed out loud every time her son was referred to as “fugitive“. If SBF is to be extradited, there is a good chance that he will go to a prison in New York and will probably be remanded in custody.

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Meanwhile, no other FTX executives have been charged and the world is wondering where Gary Wang, co-founder of FTX, or Caroline Ellison, ex-CEO of Alameda Research, are. Two days ago, it was discovered that Ryan Salame, co-CEO of FTX, allegedly blew the whistle on SBF days before the company filed for bankruptcy protection. The unsealed indictment site only names Sam Bankman-Fried and his nickname SBF, while it also mentions other known and unknown individuals who knowingly devised a scheme to defraud people.

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