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FTX founder expected to drop fight against extradition to US
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People wait outside the Magistrate Court building, where FTX founder Sam Bankman-Fried was expected to appear for an extradition hearing, in Nassau, Bahamas, early on Monday, Dec. 19, 2022. - photo by AP Photo/Rebecca Blackwell
Sam Bankman-Fried arrived at a courthouse in the Bahamas early Monday and is expected to tell a judge he will not fight extradition to the U.S., where he faces multiple criminal and civil charges related to the collapse of cryptocurrency exchange FTX. The decision comes just a week after Bankman-Fried’s lawyers had initially said that they planned to fight extradition. An extradition hearing had been scheduled for Feb. 8.