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SBF lawyers requested bail in the Bahamas Magistrates Court pending extradition




According to local sources, on December 13, cryptocurrency executive Sam Bankman-Fried’s (SBF) lawyers requested bail in the Bahamas Magistrates Court. after his arrest On December 12, his extradition request was pending by US authorities. The move comes after Chief Justice Joanne Ferguson-Pratt said earlier today that the SBF had the right to seek bail.

In supporting the motion, the SBF’s defense attorney argued that the 30-year-old cryptocurrency executive suffered from “depression” and “insomnia,” had no criminal record, and had not fled the Bahamas despite a “high opportunity” to do so. So. The lawyer representing the SBF also alleged that his client has not taken medication, including “Adderall” and “anti-depressants,” since his arrest. The lawyers also said that the SBF does not object to electronic monitoring or reporting to a local police station if she is granted bail.

Update December 13th at 20:05 PM UTC: SBF’s attorney requested that bail be set at $250,000 (note, the Bahamian dollar is pegged 1:1 to the US dollar)


This is a breaking news story and will be updated accordingly.