FTX co-founder Sam Bankman-Fried arrested within the Bahamas

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Studies additionally declare that the US has filed legal costs in opposition to. | Photograph: Getty Photos

Simply over one month after the crypto change FTX filed for bankruptcy, Ryan Pinder, the Lawyer Basic of the Bahamas, introduced the arrest of its founder and former CEO, Sam Bankman-Fried (SBF).

According to a discover, the arrest got here after the US authorities knowledgeable the Bahamas of legal costs filed in opposition to Bankman-Fried and stated it’s more likely to request his extradition from the nation the place he was residing, and which had served as a base of operations for FTX. The US Lawyer for the Southern District of New York, Damian Williams, confirmed the arrest, saying in a press release that “We anticipate to maneuver to unseal the indictment within the morning and can have extra to say at the moment.”

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