BREAKING: Sam Bankman-Fried, the fallen crypto king who presided over the fiery $32-billion implosion of FTX last month, was arrested by Bahamian authorities, the country’s attorney general said on Monday.
, the fallen crypto king who presided over the fiery $32-billion implosion of FTX last month, was arrested by Bahamian authorities, the country’s attorney general said on Monday.
Bankman-Fried had been scheduled to testify on Tuesday in front of the House Committee on Financial Services, which would have marked his first time speaking under oath since the firm’s collapse. The disgraced former billionaire—who says he now has just one bank account with about $100,000 in it—has professed ignorance over the specifics of Alameda’s operations, suggesting that he will try to cast blame on other executives if he winds up in court.that such an excuse may not absolve Bankman-Fried of culpability.
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