He changed his mind: Sam Bankman-Fried decided to stop fighting his extradition to the United States. Instead, the former FTX CEO appeared before a Bahamian court yesterday, December 19, to reverse his original decision.
Source: picture alliance / ASSOCIATED PRESS | Rebecca Blackwell
Meanwhile, Bankman-Fried is said to be in the notorious Fox Hill prison in the Bahamas. According to reports, the correctional facility in the Caribbean is from appalling conditions plagued. For example, there should be no toilets or mattresses there.
The FTX founder was arrested in the Bahamas last week. Among other things, he is accused of embezzling customer funds on a large scale. Charges have also been brought against Sam Bankman-Fried in the United States. He faces up to 115 years in prison.
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