Sam Bankman-Fried's Extradition Approved by Judge

FTX founder Sam Bankman-Fried will soon be in U.S. custody to face criminal charges connected to the collapse of the crypto exchange, after a judge here approved his transfer from a local jail where he has been held. From a report: Mr. Bankman-Fried agreed not to contest his extradition, and in court Wednesday his lawyer read an affidavit in which the former executive waived his right to extradition proceedings and said he had 'a desire to make the relevant customers whole.' When asked by Magistrate Judge Shaka Serville if the affidavit was his and represented his wishes, Mr. Bankman-Fried said, 'Yes, I do wish to waive my right to formal extradition proceedings.' He also told the judge he was healthy and doing well.

His lawyer, Jerone Roberts, said his client's reasons were clear. 'It has always been his desire to put customers right,' he said. Mr. Roberts said Mr. Bankman-Fried 'is anxious to leave' and asked that he be transported to the U.S. on Wednesday. The former FTX chief executive has been in a jail in the Bahamas since his arrest last week on charges he stole billions of dollars from customers while misleading lenders and investors. Federal prosecutors in the U.S. attorney's office for the Southern District of New York have charged Mr. Bankman-Fried, 30 years old, with eight criminal counts, including fraud, conspiracy and money-laundering offenses. Alternative, non-paywalled source: The Block.

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