The cryptocurrency billionaire in bankrupt signs extradition papers today and moves to the United States

Federal authorities will transfer the billionaire on Wednesday in Sam Bankman Fried filed in the United States to face a series of criminal charges related to the collapse of the cryptocurrency exchange FTX.

It comes after Bankman-Fried signed the handover papers Tuesday, according to interim Bahamian Corrections Commissioner Duane Clare. She will sign a separate set of documents to finalize her waiver of rights to deny extradition at Nassau Magistrates Court on Wednesday, according to Bloomberg, which was seen by Al Arabiya.net.

Next, the FTX co-founder will accompany FBI agents on a plane to the United States, Bloomberg reported, citing sources. A source said the plane departed from a private airport in the Bahamas.

His return to the US capped off a week of speculation about when Bankman Fried would return to face charges, including fraud.

Since being denied bail during a pre-trial hearing last week, Bankman-Fried has been detained in a ghostly correctional facility on the outskirts of Nassau known as Fox Hill.

While the deals may change, plans say Bahamian officials will escort Bankman Fried from jail to court Wednesday morning.

Though he initially said he would fight extradition, Bankman Fried recently indicated in conversations private which was preparing to return to the United States as soon as Monday, Bloomberg News reported. The change of heart was in part related to the expectation that it would be in unable to obtain bail in the United States.

Last week, the US Attorney’s Office for the Southern District of New York filed an indictment against him.

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