It’s official!! After spending ~10 days in the notorious Bahamian Fox Hill Jail, SBF decided not to fight the extradition to the US, against his legal team’s advice. I suppose a prisoner’s life without the internet, clean bathrooms, hot showers, comfortable beds and privacy is too hard on him. I don’t know if the US prisons are any better here but rumors say he is working with US prosecutors on a bail deal that will allow him to be under house arrest once he is back in America.
I am rather curious what he will do to minimize his jail time. It is reported that Caroline Ellison is working with the prosecutors and snitching on SBF. Chances are there is enough evidence to convict him. What SBF could do is to snitch on Tether or Binance or both in exchange for a plea deal as Alameda was Tether’s largest client and Binance was FTX’s first investor. He must know something very very dark we don’t know. I also hope the US judge will ask him to shut up if he is out on bail. No one is interested in his lies and in the past week when he was in the Bahamian jail, I have been in a better mood without listening to his annoying voice everywhere on MSM. Anyway, I am glad the US justice system gets him back to face the charges. SBF deserves a very long time in prison if convicted.
Update: Caroline Ellison and Gary Wang have pleaded guilty when SBF is en route to New York! Full SEC complaints are detailed here.