Sam Bankman-Fried has consented to be extradited to the United States where he faces fraud charges, according to an affidavit his lawyer read on Wednesday at a court hearing in The Bahamas.
It paves the way for the founder of the FTX cryptocurrency exchange to be flown to the United States as early as Wednesday afternoon. Bankman-Fried was committed to custody to await the move.
Bankman-Fried decided to agree to extradition in part out of a "desire to make the relevant customers whole," according to the affidavit, which is dated Dec 20. “Yes, I do wish to waive my right to such formal extradition proceedings," he told judge Shaka Serville.
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