Sam Bankman-Fried expected back in US after agreeing to extradition

FTX founder set to be charged with eight criminal counts, including fraud, conspiracy and money-laundering offenses

Sam Bankman-Fried, the jailed founder of the collapsed crypto-currency exchange FTX, is expected to fly back to the US on Wednesday to face criminal charges after waiving his right to contest extradition from the Bahamas.

After several days of conflicting signals from Bankman-Fried’s US and Bahamian legal teams, the disgraced crypto-king appeared in court in Nassau to inform a magistrate judge of his decision.