Sam Bankman-Fried – the former CEO of defunct crypto exchange FTX – will supposedly reverse his decision to contest extradition to the US.
According to a Reuters report, SBF will appear before the court in the Bahamas on Monday, December 19.
Bankman-Fried is currently held at a correctional facility in the Bahamas following his arrest on December 13.
He faces multiple charges, including criminal, and is being investigated by the DOJ, SEC, and the CFTC.
It was previously said that SBF will fight extradition requests, but according to sources familiar with the matter, he will be reversing this decision on Monday (December 19th).