SBF’s legal professionals request bail in Bahamas Justice of the Peace Court docket pending extradition

In line with native sources, on Dec. 13, crypto government Sam Bankman-Fried’s (SBF) legal professionals have requested bail in a Bahamas’ Justice of the Peace Court docket after his arrest on Dec. 12 pending extradition request by U.S. authorities. The transfer comes after presiding decide Chief Justice of the Peace JoyAnn Ferguson-Pratt acknowledged earlier right now that SBF had the correct to request bail.

In supporting the applying, the protection counsel for SBF argued that the 30-year-old crypto government suffered from “melancholy” and “insomnia,” doesn’t possess a felony report, and didn’t flee the Bahamas regardless of “ample alternative” to take action. Counsel representing SBF additionally claimed that their consumer hasn’t been taking medicines, together with “Adderall” and “anti-depressants” since his arrest. Legal professionals additionally mentioned that SBF does not object to digital monitoring or reporting to an area police station if granted bail.

Replace Dec. 13 20:05pm UTC: Counsel for SBF has requested bail be set at $250,000 (Be aware, the Bahamian Greenback is pegged 1:1 to the U.S. Greenback)

This can be a breaking information story and shall be up to date accordingly.