Sam Bankman-Fried signs documents that pave the way for US delivery

Sam Bankman-Fried signed documents to pave the way for his delivery to the United States, where he will be charged with fraud due to the collapse of his cryptocurrency exchange before he will appear on the Bahamas again on Wednesday.

Bankman-Fried’s signed the papers in Nassau on Tuesday, said a person familiar with the matter. He is said to appear before the Bahamas district court on Wednesday morning. His lawyers said Reuters that he would agree to delivery and thus pave the way for a rapid departure from the Caribbean state.

Bankman-Fried was arrested in Nassau last week, where he lives, after the US Ministry of Justice had accused of charges and accused the former crypto tycoon of staging "one of the greatest financial fraud in American history".

The US authorities claim that FTX has forwarded customer funds to Bankman-Frieds private trading company Alameda Research, where it was spent on risky investments, political donations and luxury purchases such as real estate.

Bankman-Fried denied misconduct.

The recent step towards delivery followed a confused day of negotiation on Monday when Bankman-Fried in the expectation that he would agree to delivery was brought to the courthouse.

The process was delayed when his local lawyer said that he was not aware of the reason for the hearing. The 30-year-old Bankman-Fried was later sent back to prison in Nassau on Monday without having agreed to his home country.

The former billionaire was denied the release on the bail last week after a judge classified him as a rectangular risk, and has since been recorded in the country's Fox Hill prison, which is notorious for its tough conditions. After his arrival in the USA, Bankman-Fried has a new opportunity to apply for a deposit.

Harry Sandick, a partner of the Patterson Belknap, which is specialized in business defense, said that Bankman-Fried would probably "quickly move to the United States if he agreed".