The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney's office in New York said Monday.
NEW YORK — The former CEO of failed crypto firm FTX Sam Bankman-Fried has been arrested in the Bahamas at the request of the U.S. government, the U.S. attorney's office in New York said Monday.
Bankman-Fried is under criminal investigation by U.S. and Bahamian authorities following the collapse last month of FTX. The firm filed for bankruptcy on Nov. 11, when it ran out of money after the cryptocurrency equivalent of a bank run. "Earlier this evening, Bahamian authorities arrested Samuel Bankman-Fried at the request of the U.S. Government, based on a sealed indictment filed by the United States Attorney's Office for the Southern District of New York," U.S. Attorney Damian Williams said in a statement."We expect to move to unseal the indictment in the morning and will have more to say at that time."
On 12 December 2022, the Office of the Attorney General of The Bahamas is announcing the arrest by The Royal Bahamas Police Force of Sam Bankman-Fried , former CEO of FTX. pic.twitter.com/CRNeLPAbVp
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX ex-CEO Sam Bankman-Fried says he wants to start a new businessSam Bankman-Fried, the disgraced founder of the failed crypto-exchange FTX, says he wants to start a new business to help his investors make back the money they lost in the crash.
Read more »
Ex-FTX CEO Sam Bankman-Fried says he will testify remotely before House committeeDisgraced former FTX chief Sam Bankman-Fried confirmed he will testify remotely on Tuesday before a House committee regarding the crypto exchange's collapse.
Read more »
Former FTX CEO Sam Bankman-Fried arrested in Bahamas | EngadgetThe Bahamas Attorney General's Office announced Monday that Bankman-Fried has been arrested there and is likely to be extradited in short measure back to the US to stand trial.
Read more »