Sam Bankman Friedman, the infamous FTX CEO behind the latest crypto crash, is set to formally waive his extradition rights in order to speed up the process of his return to the US.
SBF will appear in court upon his return to face a fraud case that could see him spend the rest of his life behind bars. The New York court indicted SBF on charges of wire fraud, securities fraud, conspiracy to defraud the United States, and money laundering.
The legal team of the former FTX CEO refused to comment on the decision that remains puzzling to many who see this as an unpredictable move since the extradition process could’ve taken years.
