FTX founder Sam Bankman-Fried has reportedly considered withdrawing the application to contest extradition to the US in the Bahamas’ court. He is alleged to commit conspiracy to commit wire fraud on customers and lenders, securities fraud, commodities fraud, money laundering and conspiracy to defraud the United States and violate the campaign finance law. His bail application was denied on 13 December and he is currently detained in Fox Hill Prison, which is the only prison in the Bahamas. It is believed that the FTX founder could be sentenced to up to 115 years in prison if he is convicted.

Source: https://cointelegraph.com