FTX founder Sam Bankman-Fried’s failure to secure release on bail in the Bahamas on Tuesday increases the likelihood that he will consent to extradition to the United States to face fraud charges, legal experts said.
The facility where Bankman-Fried is being held is also known as Fox Hill Prison. A lawyer for Bankman-Fried did not immediately respond to a request for comment. A Bahamian corrections official said on Tuesday that Bankman-Fried will initially be held in the facility's medical department until staff determine the appropriate place for him. Bankman-Fried is scheduled to appear before another Bahamian magistrate judge on Feb. 8.
Source: Law Daily Report (lawdailyreport.net)
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