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Sam Bankman-Fried has consented to be extradited to the US from The Bahamas.

The FTX cryptocurrency exchange founder’s lawyer read an affidavit to a court in Nassau on Wednesday, confirming his client was willing to be flown to New York.

As a result, the 30-year-old tycoon could be flown out as early as Wednesday afternoon local time to face an array of fraud charges.

Bankman-Fried decided to agree to extradition in part out of a “desire to make the relevant customers whole,” according to the affidavit, which is dated 20 December.

Dressed in a suit, Bankman-Fried took to the witness box and told the judge: “Yes, I do wish to waive my right to such formal extradition proceedings.”

His lawyer told the judge that his client was “anxious to leave”.

The hearing was adjourned after the statements.

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Sam Bankman-Fried
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Bankman-Fried appeared in court in Nassau on Wednesday and did not contest his extradition

Officials with the FBI and the United States Marshals Service – which handles transportation of individuals in US custody – have already arrived in the Bahamian capital according to a person familiar with the matter.

It is currently unclear when Bankman-Fried will depart The Bahamas for New York.

Federal prosecutors in Manhattan last week charged the cryptocurrency mogul with stealing billions of dollars in FTX customer assets to plug losses at his hedge fund, Alameda Research, in what US Attorney Damian Williams called “one of the biggest financial frauds in American history”.

Bankman-Fried was arrested on a US extradition request last week in The Bahamas, where he lives and FTX is based.

He initially said he would contest extradition, but it was reported over the weekend that he would reverse that decision.

Bankman-Fried has acknowledged risk-management failures at FTX but said he does not believe he has criminal liability.

His personal wealth is thought to have swelled to $20bn (£16.2bn) at the exchange’s peak, but has since reportedly shrunk to $100,000 (£83,000).

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How FTX founder Sam Bankman-Fried went from£21bn empire to being charged with fraud

Wednesday’s hearing followed a confusing sequence of events this week that left the status of Bankman-Fried’s expected extradition unclear.

On Monday, following the news reports he had agreed to be extradited, Bankman-Fried arrived at the courthouse in a black van marked “Corrections” wearing a blue suit jacket and white shirt.

At the hearing, his local defence lawyer, Jerone Roberts, said he was not informed of the purpose of the proceedings.

After a brief recess, Mr Roberts said his client had seen an affidavit outlining the charges against him but wanted access to the full indictment before consenting to extradition.

The proceedings were then adjourned. They had been expected to resume on Tuesday morning, but Bankman-Fried’s legal papers were not filed in time.

Bankman-Fried rode a crypto boom to become a billionaire several times over and an influential US political donor, before FTX’s crash wiped out his wealth and tarnished his reputation.

The collapse was driven by a wave of customer withdrawals amid concerns over co-mingling of funds with Alameda.

The cryptoexchange declared bankruptcy on 11 November with Bankman-Fried stepping down as CEO the same day.

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National Guard arrives on streets of Washington DC despite ‘historic’ lows in crime

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National Guard arrives on streets of Washington DC despite 'historic' lows in crime

National Guard troops have begun arriving on the streets of Washington DC in a controversial move by Donald Trump to “rescue our nation’s capital from crime”.

The deployment of some of the planned 800 troops comes despite the Washington mayor revealing crime in the capital was at its “lowest level in 30 years” – and with official data also showing a steep decline.

President Trump has promised to take over the district’s police department, something the law allows him to do temporarily.

The army has indicated there were no specific locations for the deployment, according to the Associated Press, citing a White House official who spoke on the condition of anonymity.

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Trump: National Guard deployment will ‘take capital back’

At the beginning of the week, Mr Trump said he was sending in 800 National Guard troops to “re-establish law, order, and public safety”.

He announced a “historic action to rescue our nation’s capital from crime, bloodshed, bedlam and squalor and worse”.

But according to preliminary figures from Washington DC’s Metropolitan Police, violent crime is down 26% in 2025 – after dropping 35% in 2024 compared with 2023.

Pic: Reuters
Image:
Pic: Reuters

Washington mayor Muriel Bowser said crime was at historic lows in the capital and called the move “unsettling and unprecedented” – but would use the extra personnel to reduce crime further.

And in a post on social media, she wrote: “Violent crime in DC is at its lowest level in 30 years. We had an unacceptable spike in 2023, so we changed our laws and strategies.”

She said the National Guard would not have the power to arrest people.

Troops will carry no weapons but will have their standard issue firearms, usually rifles, close at hand, an official said.

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The Democrats and other critics have called Mr Trump’s deployment “political theatre” – but the president has threatened to repeat the move in other big cities.

Jeanine Pirro, the US attorney for the capital, dismissed a question from a reporter about how violence in Washington compared to other cities.

She said: “All I know is we rank in death. I don’t need any more statistics.”

In Washington, the DC National Guard reports directly to the president.

In the states, the troops answer to the governor except when called into federal service.

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Europe’s concerns may be getting through as White House reframes Trump-Putin summit

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Trump-Putin summit starting to feel quite 'Midnight Sun' - as White House confirms location

It’s beginning to feel like “Midnight Sun” diplomacy.

In parts of Alaska, the sun doesn’t set in summer, casting light through the night but leaving you disorientated.

Ukraine latest: Zelenskyy reject’s Putin’s proposal

The Trump-Putin summit is pitched as “transparent” but it’s difficult to find any path to peace right now.

White House press secretary Karoline Leavitt has reduced it to a “listening exercise” where Donald Trump will seek a “better understanding” of the situation.

There isn’t much to understand – Russia wants territory, Ukraine isn’t ceding it – but Ms Levitt rejects talk of them “tempering expectations”.

It’s possible to be both hopeful and measured, she says, because Mr Trump wants peace but is only meeting one side on Friday.

It’s the fact that he’s only meeting Vladimir Putin that concerns European leaders, who fear Ukraine could be side-lined by any Trump-Putin pact.

Volodymyr Zelenskyy claims Mr Putin wants the rest of Donetsk and, in effect, the entire Donbas region in eastern Ukraine.

He’s ruled out surrendering that because it would rob him of key defence lines and leave Kyiv vulnerable to future offensives.

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‘Steps have been taken to remedy the situation’ in Pokrovsk

European leaders – including Sir Keir Starmer – will hold online talks with Mr Zelenskyy twice on Wednesday, on either side of a virtual call with Mr Trump and US Vice President JD Vance.

Their concerns may be getting through, hence the White House now framing the summit as a cautious fact-finding exercise and nothing more.

The only thing we really learned from the latest news conference is that the first Trump-Putin meeting in six years will be in Anchorage.

Alaska itself, with its history and geography, is a layered metaphor: a place the Russians sold to the US in the 1800s.

Read more:
The land Ukraine could be forced to give up
Trump gaffe reveals how central Putin is to his narrative

Russian traditional nesting dolls with images of Vladimir Putin and Donald Trump at a gift shop in Moscow. Pic: Reuters
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Russian traditional nesting dolls with images of Vladimir Putin and Donald Trump at a gift shop in Moscow. Pic: Reuters

A remote but strategic frontier where the lines of ownership and the rules of negotiation are once again being sketched out.

On a clear day, you can see Russia from Alaska, but without Mr Zelenskyy in the room, it’s difficult to see them conquering any summit.

In the place where the sun never sets, the deal might never start.

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Trump says he hopes to get ‘prime territory’ back for Ukraine as he prepares for Putin summit

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Trump says he hopes to get 'prime territory' back for Ukraine as he prepares for Putin summit

Donald Trump has said he would try to return territory to Ukraine as he prepares to meet Vladimir Putin and lay the groundwork for a deal to bring an end to the war.

“Russia has occupied a big portion of Ukraine. They’ve occupied some very prime territory. We’re going to try and get some of that territory back for Ukraine,” the US president said at a White House news conference ahead of Friday’s summit in Alaska.

Mr Trump also said: “There’ll be some land swapping going on. I know that through Russia and through conversations with everybody, to the good of Ukraine.”

He said he’s going to see what Mr Putin “has in mind” to end the three-and-a-half-year full-scale invasion.

Donald Trump speaks to reporters at the White House. Pic: Reuters
Image:
Donald Trump speaks to reporters at the White House. Pic: Reuters

And he said if it’s a “fair deal,” he will share it with European and NATO leaders, as well as Volodymyr Zelenskyy, who have been liaising closely with Washington ahead of the meeting.

Asked if Mr Zelenskyy was invited to the summit with Mr Putin in Alaska, Mr Trump said the Ukrainian leader “wasn’t a part of it”.

“I would say he could go, but he’s gone to a lot of meetings. You know, he’s been there for three and a half years – nothing happened,” Mr Trump added.

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The US president said Mr Putin wants to get the war “over with” and “get involved” in possible talks but acknowledged Moscow’s attacks haven’t stopped.

“I’ve said that a few times and I’ve been disappointed because I’d have a great call with him and then missiles would be lobbed into Kyiv or some other place,” he said.

Mr Trump said he will tell Mr Putin “you’ve got to end this war, you’ve got to end it,” but that “it’s not up to me” to make a deal between Russia and Ukraine.

Vladimir Putin is set to meet Donald Trump in Alaska. Pic: Reuters
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Vladimir Putin is set to meet Donald Trump in Alaska. Pic: Reuters

Zelenskyy says Russia ‘wants to buy time’

Ukrainian President Volodymyr Zelenskyy has said Russia “wants to buy time, not end the war”.

“It is obvious that the Russians simply want to buy time, not end the war,” he wrote in a post on X, after a phone call with Canada’s Prime Minister Mark Carney.

Ukrainian President Volodymyr Zelenskyy. Pic: Reuters
Image:
Ukrainian President Volodymyr Zelenskyy. Pic: Reuters

“The situation on the battlefield and Russia’s wicked strikes on civilian infrastructure and ordinary people prove this clearly.”

Mr Zelenskyy said the two “agreed that no decisions concerning Ukraine’s future and the security of our people can be made without Ukraine’s participation”, just as “there can be no decisions without clear security guarantees”.

Sanctions against Russia must remain in force and be “constantly strengthened,” he added.

European leaders meet ahead of call with Trump

Meanwhile, European officials have been holding meetings ahead of a phone call with Mr Trump on Wednesday.

The European Union’s foreign policy chief, Kaja Kallas, has been speaking to foreign ministers virtually, saying on X that work “on more sanctions against Russia, more military support for Ukraine and more support for Ukraine’s budgetary needs and accession process to join the EU” is under way.

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‘Russians want to carry on fighting’

Over the weekend, European leaders released a joint statement, welcoming Mr Trump’s “work to stop the killing in Ukraine”.

“We are convinced that only an approach that combines active diplomacy, support to Ukraine and pressure on the Russian Federation to end their illegal war can succeed,” read the statement.

It was signed by UK Prime Minister Sir Keir Starmer, French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, German Chancellor Friedrich Merz, Polish Prime Minister Donald Tusk, Finland’s President Alexander Stubb, and European Commission President Ursula von der Leyen.

“We underline our unwavering commitment to Ukraine’s sovereignty, independence and territorial integrity,” they said.

Read more from Sky News:
Trump will deploy National Guard to Washington
CCTV shows hospital volunteer being shot dead at point-blank range

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Attacks continue

Despite Donald Trump’s efforts to convince Vladimir Putin to commit to a ceasefire and negotiations, Russian attacks on Ukraine have only intensified in the past few months.

Ukraine’s president has said that, in the past week, Russia launched more than 1,000 air bombs, nearly 1,400 drones and multiple missile strikes on Ukraine.

On 9 July, Russia carried out its largest aerial attack on Ukraine since the start of the war, launching more than 740 drones and missiles, breaking its records from previous weeks.

Furthermore, Mr Zelenskyy has said Russia is preparing for new offensives.

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