Sam Bankman-Fried is in the middle of a major court case in the Bahamas and is about to appear in a US court. While recent reports stated that he was willing to accept extradition, other information about the pending hearing indicates that he has not yet agreed to this option.
The most impressive thing is that it seems like he’s right slept during the hearing. Was he exhausted or was he just not taking things seriously?
According to information from Reuters, the latest hearing marks the way for the founder of bankrupt FTX to face charges in New York City, accused of stealing billions of dollars from FTX customers to fill the gap in reserves. of Alameda. the exchange’s sister company.
SBF faces charges of fraud, conspiracy to commit fraud and various crimes against the people’s economy. If he gets the maximum sentence, he could spend the rest of his life behind bars.
Bankman-Fried says he does not agree with the extradition
Bankman-Fried’s abrupt decision followed a tumultuous Monday morning appearance before the magistrate. Shaka Serville in a courtroom in the capital Nassau shortly after news outlets, based on sources close to the case, reported that he had decided to reverse his decision to challenge the extradition.
With that, SBF is making certain demands to agree to extradition to the US, mainly to gain access to the charges brought against him in the lawsuit filed in federal court in New York.
During the hearing, the judge said he can only start the extradition process if Bankman-Freid gives permission, until then nothing can be done.
He was given a chance to speak to his US attorney over the phone and was later sent back to Fox Hill Prison in the Caribbean country. SBF left the courthouse in a black van marked “Correctional,” carrying a manila folder of papers, a Reuters witness said.
Sam Bankman-Fried fell asleep while listening
Reuters points out that Sam remained silent during the hearing and let his lawyer speak for him. SBF spoke only when he greeted the judge and when he confirmed that he wanted to speak to his lawyer in the US.
The curious thing is that Sam’s silence reached its peak when he appeared to be asleep during the hearing. At one point, Bankman-Fried reclined in the chair and closed his eyes and, according to witnesses, appears to have been awakened by one of the court officials.
Given everything that’s been going on lately and how his mind has to race to think of ways to get off a more severe punishment, in addition to the stress of the situation itself, it’s easy to understand that he’s not sleeping very well.
Source: Live Coins
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
