New York: A source familiar with the situation told The Associated Press that Sam Bankman-Fried will attend a hearing in the coming days in a Bahamian court regarding his possible extradition to the United States for criminal charges linked to the demise of the cryptanalyst Will face charges.

Because he was not authorized to speak on the record, the source spoke under the condition of anonymity. Bankman-turned-lawyer Fried claimed in court in Nassau, Bahamas, on Monday that although he had consented to be extradited to the United States, the necessary paperwork had not yet been drawn up.

It was not immediately clear when Fried's bankman-extradition could take place after a Bahamian court approves it.

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Bankman-Fried was taken into custody by Bahamian authorities last week, following a request from the US government. Prosecutors in the United States claim that he played a key role in the rapid collapse of FTX and concealed its issues from the general public and investors. Bankman-Fried was charged by the Securities and Exchange Commission with using investor funds to purchase personal and family real estate in an unauthorized manner.

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The 30-year-old could serve the rest of his life in prison.

After determining that Bankman-Fried posed a flight risk, a Bahamian judge denied her bail on Friday. The founder and former CEO of FTX, once worth tens of billions of dollars on paper, is being held at Fox Hill prison in the Bahamas, which has been criticized by human rights activists for its unsanitary conditions and rat and vermin infestation.

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The banker-lawyer Fried will be able to seek his release on bail once he returns to the country.