Aged FTX CEO Sam Bankman-Fried has agreed to be extradited to the U.S. after an advanced morning in a Bahamas court docket room.

A report from Reuters, citing a person accustomed to the matter, acknowledged that Bankman-Fried has now agreed to be extradited to the U.S. to face the host of fraud charges against him.

The FTX founder is asserted to comprise voluntarily agreed to face U.S. prosecutors against “the strongest that it is doubtless you’ll perchance well well furthermore mediate of excellent advice,” The Unique York Times reported.

It is no longer obvious what finally drove Bankman-Fried to agree to being extradited, however some industry watchers speculated that the harsh living prerequisites at the Bahamas sole detention heart, Fox Hill, could well well furthermore had been a motivating part. Bankman-Fried’s lawyers, on the opposite hand, claim his possibility became as soon as pushed by his “desires to place the purchasers exact.”

After agreeing to be extradited to U.S. soil, Bankman-Fried would doubtless be held at the Metropolitan Detention Center in Brooklyn forward of he looks in a U.S. court docket.

His possibility follows a series of chaotic events in a Bahamas court docket room earlier in the day, that ended with Justice of the Peace Shaka Serville calling the proceedings a “wasted day.”

Native info outlet Eyewitness News reported that Bankman-Fried had made an appearance in a Bahamas court docket on Monday, reputedly with the intent to waive his contest against extradition to the U.S.

Nonetheless, his presence got right here as a shock to his excellent counsel Jerone Roberts, who advised the presiding mediate that he became as soon as no longer expecting to peek his client in court docket and known as the listening to “untimely.”

The listening to became as soon as then adjourned for 10 minutes whereas Bankman-Fried’s excellent team conferred with him. After the temporary recess, Roberts advised the court docket that his excellent team became as soon as additional forward on the case and would no longer be agreeing to extradition at the moment, as per an myth from a Reuters court docket reporter.

Roberts later confirmed that Bankman-Fried will crawl forward with extradition to the U.S. and can reappear in the Nassau Justice of the Peace Court on Tuesday morning to originate the job, in step with a report from CNN.