Sam Bankman-Fried – the former CEO of defunct crypto exchange FTX – will supposedly reverse his decision to contest extradition to the US.
According to a Reuters report, SBF will appear before the court in the Bahamas on Monday, December 19.
- Bankman-Fried is currently held at a correctional facility in the Bahamas following his arrest on December 13.
- He faces multiple charges, including criminal, and is being investigated by the DOJ, SEC, and the CFTC.
- It was previously said that SBF will fight extradition requests, but according to sources familiar with the matter, he will be reversing this decision on Monday (December 19th).
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