Surprise: Bankman-Fried doesn't waive extradition after all

Sam Bankman-Fried, who is facing charges in the U.S. following the collapse of his cryptocurrency company, FTX, did not waive his right to an extradition hearing at a court appearance in the Bahamas on Monday as expected, casting uncertainty around his potential transport to the U.S. for prosecution.

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Bankman-Fried said he wanted to see a copy of the U.S. indictment and speak to his New York-based attorney. A phone call, in the presence of his Bahamian counsel, was approved by the judge.

The proceedings were adjourned to an as-yet-unspecified date and Bankman-Fried was remanded back into custody.

[Maybe that Bahamian jail isn’t as bad as we’ve heard. Or Riker’s is worse. — Ed]

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