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Sam Bankman-Fried, the previous CEO of the FTX cryptocurrency trade and founding father of Alameda Analysis, has been arrested and brought into custody by authorities within the Bahamas.
In response to a letter from the Workplace of the Lawyer Basic on Dec. 12, Bankman-Fried was arrested by the Royal Bahamas Police Drive following formal notification from the US that it has filed legal expenses towards SBF.
Prime Minister Philip Davis stated in a press release each international locations have “a shared curiosity in holding accountable all people related to FTX who could have betrayed the general public belief and damaged the regulation.”
USA Damian Williams: Earlier this night, Bahamian authorities arrested Samuel Bankman-Fried on the request of the U.S. Authorities, based mostly on a sealed indictment filed by the SDNY. We count on to maneuver to unseal the indictment within the morning and could have extra to say at the moment.
— US Lawyer SDNY (@SDNYnews) December 12, 2022
Bloomberg reported on December 10 that prosecutors from New York, FBI brokers and different regulators met with FTX’s legal professionals to debate the documentation investigators wish to receive. The Justice Division was “closely” examining whether FTX improperly transferred a whole lot of thousands and thousands across the similar time as the corporate declared chapter.
It is a growing story and extra data can be added because it turns into obtainable.
