Authorities in the Bahamas arrest Samuel Bankman-Fried, the founder of a now-defunct cryptocurrency exchange, at the request of the US government
Bankman-Fried’s arrest comes one day before he was to testify before the House Financial Services Committee about the spectacular multi-billion dollar implosion of his company that sent shockwaves through crypto markets.
US Attorney for the Southern District of New York Damian Williams said the FTX founder was arrested Monday evening based on a sealed indictment filed by his office. US authorities expect to unseal the indictment Tuesday morning, and more will be said at that time.
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