How does extradition work in the Bahamas?

Extradition processes are governed by treaties with foreign governments, including the Bahamas. They're designed to facilitate international investigations, and can require that the charges at issue be a crime in both jurisdictions. Charges like securities fraud and money laundering can typically meet those types of standards, experts said.

Will John Bankman-fried be extradited?

Bankman-Fried will be extradited after the Foreign Minister of the Bahamas signed a warrant of surrender allowing his extradition to the United States, the Ministry of Foreign Affairs in the Bahamas confirmed in a statement.

Are the Bahamas and the United States responsible for FTX?

"The Bahamas and the United States have a shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law," the Bahamian Prime Minister Philip Davis said in a statement.

Why did John Bankman-fried leave the Bahamas?

Under questioning by a local magistrate, a disheveled-looking Bankman-Fried confirmed his decision to leave the Bahamas. “I do wish to waive my right to formal extradition proceedings,” Bankman-Fried said in court. The 30-year-old appeared to be holding a plastic bag of personal belongings during the hearing.