FTX co-founder Sam Bankman-Fried, who has been in jail in the Bahamas, has agreed to be sent to the U.S. To face multiple criminal charges.
Bankman-Fried had been expected to drop his fight against extradition. A hearing had been set for Wednesday in Nassau to consider the matter. A representative for the former FTX chief executive officer did not immediately return a request for comment.
By signing his extradition papers, Bankman-Fried moves a step closer to facing a range of criminal charges in the US related to the collapse of the FTX, which he co-founded.
The development, which was first reported by ABC News, was confirmed by Bahamas Acting Commissioner of Corrections Doan Cleare.
Our new weekly Impact Report newsletter examines how ESG news and trends are shaping the roles and responsibilities of today's executives. Subscribe here.