FTX founder Sam Bankman-Fried arrested in Bahamas after U.S. authorities file criminal charges

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FTX founder Sam Bankman-Fried is arrested in the Bahamas after U.S. law enforcement files criminal charges, local prosecutors say.

Sam Bankman-Fried, the disgraced co-founder and former head of digital-asset exchange FTX, was arrested in the Bahamas on Monday, the nation’s government said.

Bankman-Fried’s detention followed a notification from the U.S. that it had filed criminal charges against him, the Bahamas attorney general said in a statement. Authorities in both countries had been probing his involvement in the company’s collapse last month. In a statement, U.S. Atty. for the Southern District of New York Damian Williams said the arrest was made at the request of the American government.

Source: Law Daily Report (lawdailyreport.net)

 

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Hey, Sam, now you don't have to testify before Maxine Waters tomorrow.

awwwwwe shit!!!!

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