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Sam Bankman-Fried’s Harsh Bahamas Jail Could Shift His Stance on Extradition

  • FTX founder was denied bail in Bahamas court hearing Tuesday
  • He was sent to jail described as overcrowded, rat-infested
Bloomberg business news
Prosecutors Lay Out Their Case Against Sam Bankman-Fried

The grim conditions FTX founder Sam Bankman-Fried is encountering in the Bahamas prison where he’s currently being held could change his attitude on extradition to face fraud charges in the US.

At Bankman-Fried’s first court appearance on Tuesday, his lawyer said he planned to fight extradition. But that was before the judge denied Bankman-Fried’s request to be released on $250,000 cash bail and an ankle monitor to track his movements and ordered him taken into custody at the Bahamas Department of Correctional Services facility, commonly known as Fox Hill.