Sam Bankman-Fried, who is facing charges in the United States following the collapse of his cryptocurrency company, FTX, is prepared to waive extradition from the Bahamas during a court appearance that could occur as soon as Monday.
After federal charges against him were unsealed, defense attorney Mark Cohen said Bankman-Fried was reviewing the indictment and considering his options.A U.S. government plane is waiting in the Bahamas to bring Bankman-Fried to New York, where he lived in a $30 million penthouse while running FTX until it collapsed in a $32 billion bankruptcy in November.
Since the collapse of FTX, federal prosecutors in the Southern District of New York have been looking at Bankman-Fried, sources have told ABC News.
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