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the disgraced FTX founder Sam bankman freed has signed extradition papers in the Bahamas and will now be flown to the U.S to face a range of criminal charges Mike when freed was arrested last week in the Bahamas after Federal prosecutors in New York filed an eight-count indictment including allegations of Fraud and conspiracy Michelle flurry has the latest from New York courtroom in the Bahamas where he was expected to drop his fight against U.S extradition and be hustled out of the country shortly afterwards that court hearing though didnt go according to plan now local lawyers say the FTX founder has indeed dropped his fight so presumably wants the legal hurdles are cleared he will be on his way to the United States very soon why the sudden u-turn on extradition well one theory is that bankman freed was denied bail in the Bahamas the expectation is that he may stand a better chance of bail in the United States remember thats what happened to Bernie Madoff thats the notorious frau