Sam Bankman-Fried, the former crypto exchange executive, is set to leave the Bahamas for the United States, where he will face federal charges for fraud, according to several reports who heard the court hearing live.
Bankman-Fried could arrive in New York as soon as Wednesday afternoon, according to the New York Times. The exact timing of the proceedings is unclear, but he will be arraigned in the Federal District Court in Manhattan. In Magistrate Court on Wednesday morning, he confirmed that he signed legal documents authorizing the relocation.
Bankman-Fried was arrested in the Bahamas on Dec. 12 at his luxury apartment. The Bahamas was the headquarters of his now-bankrupt crypto exchange FTX. He faces charges of securities and wire fraud, money laundering, and a campaign finance violation.
