BREAKING: Sam Bankman-Fried Will Be Extradited to the US

Crypto fraudster and former FTX CEO Sam Bankman-Fried can’t bare to sleep another night in a Bahamian corrections facility, and agreed to be extradited to the US where he can self-loathe in the “luxury” of America’s prison system.

30 year-old SBF, who was arrested by Bahamian authorities last week and denied bail, was thrown into Nassau’s Fox Hill Prison to share a cell lacking sanitation with at least five other criminals. The prison is widely criticized by the international community for its lack of cleanliness and overcrowding, with former inmate Sean Hall describing the facility as “no living situation for no type of living being.” According to Hall, he was held in a cell no wider than the span of his arms, and slept on a metal bunk bed beset with insects.

SBF’s team, including his family, pleaded with Bahamian authorities to make accommodations for his strict vegan diet, and drew concerns over his lack of access to prescription medications, which include adderall and anti-depression pills. They even sent meals to the prison matching his dietary requirements, but it remains unknown whether SBF received them. Once seeking the Bahamas for its ultra-luxurious amenities and the perfect place to play video games whilst FTX investors search for their life savings, SBF can’t bare to stay in the country one minute longer.

On Monday, SBF was escorted to the magistrate’s court where he is expected to drop his fight against extradition to New York. Following the unsealing of a Manhattan indictment revealing charges money laundering and fraud, SBF was labeled a flight risk and denied bail in the Bahamas. The former billionaire also faces civil charges from the SEC and the Commodity Futures Trading Commission, and if convicted, could face over 100 years behind bars.

Information for this briefing was found via Reuters and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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