FTX founder Sam Bankman-Fried is set to withdraw his legal challenge against an effort by U.S. officials to extradite him from the Bahamas, according to multiple reports, a move that will open the door for a high profile trial in a U.S. Federal Court where he faces multiple criminal charges inclu...
The reports adds that he is likely being kept in the sick bay longer than usual because of his “notoriety” and fears that he may be threatened or harmed by other inmates.
The reason behind the ex-billionaire’s U-turn on the issue remains unclear but a 2021 U.S. State Departmentabout the Fox Hill prison paints a grim picture of its conditions pointing out overcrowding, lack of access to medical cares, inmates being forced to use buckets as toilets and infestation by rats, maggots and insects.
Once extradited to the U.S. Bankman-Fried will face trial at the Southern District of New York Federal Court, where prosecutors are likely to portray the FTX founder as a flight risk to quash any bail attempts.a 13-page criminal indictment against Bankman-Fried that charged him with eight criminal counts.
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