Because he'd rather have his grifting done on US soil.

BOZO BANKING-FRAUD “I swear it’s still on my quick books, just give me 5 minutes and I can fix everything”🤡

Of course he was always going to waive opposition to extradition. The Bahamian jail he is in has tiny cells, horrible food, rat and maggot infestation and only buckets for toilets. He wasn’t going to stay there for months to fight an extradition request he was most certainly going to lose

Agrees? As if it was a choice. lol

I hope fatboy squeals on all his ratfuck finbro friends.

This is the ratfuck fibro. Other people are working with the FBI to turn on this guy.

No mention of what made the hearing "chaotic." Lame.

I was hoping for an early glimpse of how entertaining the trial will be to follow.

He seems so stupid all I can think is: patsy.

Still guilty and needs to do jail time but something here doesn’t seem to add up.

I’d guess a few big players/investors got away with some real cash via pump and dump, money laundering, etc.

All of the Dems he donated to will make sure he stays silent..

You really think he is broke ? He has few million stashed somewhere. He could literally buy the jail and have a mainson inside.

Didn't know he had a say in this.

A few million of SOMEONE ELSE'S MONEY. Jeez you act like what he did was ok. Must be an "ape"

It's clickbait drummed up on the ignorant hate of crypto.

I mean, crypto is fucking stupid, but not for the reasons most people think.

He was secretly donating to republicans too

The choice was "come now on your own, or go to court to fight it and lose and still come" not much of a choice but he did have the option of trying to fight the extradition. And even if he won, he would have been disappeared in the middle of the night and brought back against his will. Dog the bounty hunter would have used the powers of his mullet to bring him home.

I’m kind of afraid this is going to end with him committing suicide. I really doubt he’s ready for what he faces. He’s going to get probably 20 years in US and do 12-15, then get charged in some other country and extradited and do another 8-10. Then maybe even get passed on to another country after that. I wouldn’t be surprised if he spends 25-35 years in jail. I’m not sure he gets it yet but when he does it’s going to hit like a ton of bricks.

Yes it was someone else’s money, but remember the saying that, “possession is nine tenths of the law.”

The books and accounts are massively fucked. It’ll take a team of forensic accountants, skip tracers and cyber security experts, years to try and figure out what happened to it all. Then there was the almost “Epstien” level “hack” that “stole” over half a billion dollars on the same day FTX filled for Chapter 11 bankruptcy. Whoever stole it has already started to launder the bulk of the funds.

Now comes the Bahamian regulators. Anyone of them whose unscrupulous (or 2 or 3+) will have plenty of opportunities to make a million or two, that no one else knows about, go missing in the madness. And with enough money, even if they got caught, they could just flee the country. Next is where sweetheart deals and crony capitalism take place, the liquidation. As part of the bankruptcy proceeding, millions of dollars in physical assets and real estate will need to be sold off to pay creditors. I’m sure the bankruptcy regulators in charge of that process are foaming at the mouth, waiting to make deals for board seats on other companies, no show jobs for friends/family and just straight up thick envelopes.

And then with whatever’s left, there’s a massive process that has to be followed with how the funds are distributed. FTX owed billions to many creditors, wealthy investors and large institutions.

>FTX's creditors will be first in line to receive whatever assets a bankruptcy judge deems appropriate to distribute as the company seeks to restructure as part of its Chapter 11 filing. Investors in the Bahamas-based company, which had raised some $2 billion in venture capital, will be second in line. That leaves FTX account holders who used the platform to trade bitcoin, solana and other digital currencies at the back of the queue, a bankruptcy expert told CBS MoneyWatch.

https://www.cbsnews.com/amp/news/ftx-bankruptcy-funds-returned-sam-bankman-fried/

If customers get any funds back it’ll be a years long process. I’ve heard estimates anywhere from 3 to 12% could be returned and many other people are saying it will probably be nothing at all.

Throughout all of this, Sam will just plead poverty, but I would bet good money on that not being true. I’m sure he has money stashed all over the world: Real estate, companies, art (in Freeports), safety deposit boxes stuffed with cash and jewels, numbered bank accounts, etc. Some of it in his own name (to bargain with the investigation as “restitution” for leniency), some of it in aliases, and some of it in the name of friends/family. By organizing his funds that way, no one but him would really know how much money he has access to.

He’ll pay for the best lawyers money can buy, get a short of a sentence at Club Fed as possible, and then get out of prison as a middle aged very wealthy man. While in prison, his wealth will allow him to pay for protection and to bribe cards to bring in whatever he wants. Drugs, women, computers, phones, Swiss chocolate, etc. And while in white collar prison, he will no doubt make connections that will later help him to re-integrate his ill-gotten gains back into the legitimate financial system once he’s released.

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He was the second overall top donor to Democrats, only behind George Soros. What Republicans and how much de he donate to them?

Bahamian jail must not be up to his standards.

>Dog the bounty hunter would have used the powers of his mullet to bring him home.

Thanks for reminding me of this show. brb, binging it now.

You guys are delusional about how jails work. It's literally set up as a way to pull money from people. There are literally poor people jails that let you have a tablet with movies/games at extremely expensive rates (you just need someone to put the money in your account for you). You can buy a personal TV in a lot of jails/prisons. You can buy namebrand soap/toothpaste/shampoo.

It's insane to think he is going to be able to sneak the cash to the guard somehow. Like how exactly do you wire this cash to a random guard over a phonecall with a friend? It's like planning to bribe the guard with drugs/women when the person doesn't even know any drug dealers or prostitutes to begin with. Laundering cash is one of the hardest parts of crime.

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He kinda doesn't. He can go along with extradition or fight extradition.

If he fights extradition he'll be sitting in a rat infested cell with terrible food for months while the case drags through the courts.

https://www.theguardian.com/technology/2022/nov/30/ftx-billionaire-sam-bankman-fried-dark-money-republicans

Now take that with a grain of salt, Sam isn't the most reliable witness north of Antarctica...

But given what FTX was trying to do- appear as the squeaky clean us-based exchange- it wouldn't make sense for him to only pay off one side, when the US political pendulum swings every couple of years.

Plus Sam gets to make digs at traditional campaign financing and get to sounds like a genius.