FTX CEO Sam will fly to the U.S. Wednesday to face criminal charges.

By The Exchange Team

A Bahamas prison official informed NBC News that FTX founder Sam Bankman-Fried will fly to the U.S. on Wednesday after signing extradition papers.

Bankman-Fried will fly to the U.S. aboard federal aircraft after his third court hearing this week, as per Bahamas' acting prisons commissioner Doan Cleare.

CNBC said that Bankman-team Fried's doesn't expect further procedural concerns.

Over the last two days, Bankman-Fried, his U.S. counsel, and his local Bahamian attorney have clashed, causing mayhem in the Nassau courtroom.

After his crypto exchange went bankrupt last month, Bankman-Fried faces eight federal counts, including wire fraud, securities fraud, and money laundering.

A lengthy trial awaits the 30-year-old MIT graduate, who may be released on bail.

The Southern District of New York U.S. Attorney's Office said Bankman-Fried spent $8 billion in customer funds on lavish real estate and vanity projects.