Sam Bankman-Fried Reportedly Set for Extradition to the US

A hearing in The Bahamas is set for Wednesday morning, and Bankman-Fried will fly to the U.S. the same day.

AccessTimeIconDec 21, 2022 at 12:11 a.m. UTC
Updated May 9, 2023 at 4:04 a.m. UTC

The former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried, has signed the necessary paperwork to begin the extradition process, reports the New York Post, citing Doan Cleare, the acting commissioner of corrections at Fox Hill Prison in The Bahamas.

Bankman-Fried is set to appear in court on Wednesday morning to continue the extradition process.

CNBC reported that Bankman-Fried will fly to the U.S. the same day, also citing Doan Cleare.

In the U.S., Bankman-Fried will face an indictment from the Southern District of New York that includes charges of money laundering and conspiracy to commit wire fraud. He will likely request bail once on U.S. soil after having been denied that in The Bahamas.

UPDATE (Dec. 21, 0:10 UTC): Updates with CNBC report that Bankman-Fried will be flown to the U.S. on Wednesday.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Stephen  Alpher

Stephen Alpher is CoinDesk's managing editor for Markets. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.