Former FTX_Official CEO SBF_FTX was arrested recently in Nassau after a magistrate judge signed an emergency warrant for his arrest at the request of prosecutors with the U.S. Attorney's Office in New York on charges of wire fraud, conspiracy and more.
NASSAU, The Bahamas — Former FTX CEO Sam Bankman-Fried told a Bahamas judge on Tuesday that he was not waiving his right to fight extradition to the U.S.
He arrived to the courthouse at approximately 10:30 a.m. ET wearing a blue suit. Bankman-Fried was not handcuffed as he sat alone in the front row of the court, directly facing Magistrate Judge Joyann Ferguson-Pratt, who signed the warrant for his arrest Monday. “I don’t need water but I do need to take my shirt off to take them,” Bankman-Fried, who is known to take Emsam patches as an antidepressant, told the court.
Bankman-Fried’s parents, Joe Bankman and Barbara Fried, were seated in the third row behind members of the press. Bankman-Fried arrived for his hearing escorted by several Bahamian SWAT vehicles, entering through the western side of the courthouse. Bankman-Fried's Bahamian counsel pushed the judge to consider allowing the now-disgraced former CEO to post a cash bail, arguing that his client was not a flight risk.
“Custody, My Lady, custody,” the prosecutor told Judge Ferguson-Pratt, “which has one meaning whether it’s Webster's [dictionary] or Oxford or otherwise. Custody is inconsistent with the act of bail.”
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