Sam Bankman-Fried, the former CEO of failed crypto firm FTX, 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 cryptocurrency firm FTX, Sam Bankman-Fried, has been arrested in the Bahamas at the request of the U.S. government, U.S. and Bahamian authorities said Monday.
“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.”
Former FTX CEO says he has $100,000 left in the bank. Months ago, he was reportedly worth $26 billion.
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