Sam Bankman-Fried expected to stop the delivery fight at the court hearing

Sam Bankman-Fried should be expected in front of a Bahama court on Monday, where he should agree to the USA to be charged with fraud after he was arrested in Nassau last week.

The former billion-dollar founder of the FTX cryptocurrency exchange had resisted a delivery to New York due to his accusation in Manhattan for defending and money laundering allegations from the US government. However, a person trusted with the matter said he would probably hire his fight if he was released in Nassau on Monday.

Bankman-Fried arrived at the district court in Nassau shortly after 10 a.m. in a black police car in which he was recorded. The accusations that were raised against him in the southern district of New York last week claim that he had staged "one of the greatest financial fraud in American history".

He denied misconduct.

After the 30-year-old was arrested by a court on the Bahamas and refused to pay a deposit, he was held in the Fox Hill prison in Nassau. The facility was criticized in international reports for overcrowding and a lack of sanitary facilities.

Bankman-Fried also sees civil lawsuits from the US Stock Exchange Supervisory Authority Securities and Exchange Commission and the Commodity Futures Trading Commission, who were accused of being deceived and entrusted to the FTX exchange to his private trading company Alameda Research.