FTX founder Sam Bankman-Fried agrees to be extradited to the US

FTX founder Sam Bankman-Fried agreed to be extradited to the United States, where federal prosecutors have indicted him on eight counts of fraud and conspiracy.

Jerone Roberts, the attorney representing Bankman-Fried in the Bahamas, confirmed Monday afternoon that his client “has agreed to be voluntarily extradited to the United States of America.”

In an interview with a local journalist obtained by CNN, Roberts said Bankman-Fried’s next court appearance will be to complete the extradition process.

Bankman-Fried is expected to appear back in court Tuesday morning, according to a spokesperson at the Fox Hill prison where he is being held in the Bahamas.

The Nassau Magistrate Court opens at 9:30 a.m. ET, with the first hearings beginning at 10 a.m. ET. Bankman-Fried’s hearing is expected to be among the first of the day.

Bankman-Fried, the 30-year-old former crypto celebrity, was arrested a week ago at his luxury residence in the Bahamas. Federal prosecutors in New York charged with defrauding customers and investors in FTX, the cryptocurrency exchange he founded in 2019.